Which of the Following Is a Definition of Control Risk

question 20

Multiple Choice

Which of the following is a definition of control risk?

• A)The risk that a material misstatement will not be prevented or detected on a timely basis by the client's internal controls.
• B)The risk that the auditor will not detect a material misstatement.
• C)The risk that the auditor's assessment of internal controls will be at less than the maximum level.
• D)The susceptibility of material misstatement assuming there are no related internal controls, policies, or procedures.

---

Definitions:

Multi-generational Relationships

Interactions and bonds between members of a family that span across several generations, involving grandparents, parents, and grandchildren.

Cohabiting Couples

Partners who live together in a romantic relationship but are not legally married.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.

Government

The organized system or group of people governing an organized community, often a state or nation, responsible for creating and enforcing laws.