The Likelihood of Assessing Control Risk Too High Is the Risk

question 12

Multiple Choice

The likelihood of assessing control risk too high is the risk that the sample selected to test controls

• A) Does not support the auditor's planned assessed level of control risk when the true operating effectiveness of internal control justifies such an assessment.
• B) Contains misstatements that could be material to the financial statements when aggregated with misstatements in other account balances or transactions classes.
• C) Contains proportionately fewer deviations from prescribed internal controls than exist in the balance or class as a whole.
• D) Does not support the tolerable misstatement for some or all of management's assertions.

---

Definitions:

Online Friends

Individuals who form relationships through internet-based platforms, often without meeting in person, typically through social media or gaming.

Marketing To Children

Refers to the strategies and tactics employed by businesses to promote and sell their products or services to children.

Unhealthy Eating Habits

describe patterns of eating that negatively affect an individual's health, often involving excessive or insufficient consumption of certain foods.

Media And Social Movements

The role of communication platforms in facilitating, shaping, or obstructing the goals of social change initiatives.