Which of the Following Risks Is Entirely a Quality Criterion

question 93

Multiple Choice

Which of the following risks is entirely a quality criterion based on professional judgment?

• A) Audit risk.
• B) Inherent risk.
• C) Control risk.
• D) Detection risk.

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Definitions:

Licensing Board

An authoritative body responsible for overseeing and issuing licenses to individuals and businesses within certain professions, ensuring standards of practice are met.

Professional Letter

A formal piece of correspondence written in a standard format used for communication in professional settings.

Informal Note

A casual or unofficial piece of writing used for personal communication or reminders.

Confidential

Being prudent and conscious, revealed in confidence; secret information—especially in regard to speech.