Which of the Following Best Describes the Concept of Audit

question 41

Multiple Choice

Which of the following best describes the concept of audit risk?

• A) The risk of the auditor being sued because of association with an audit client.
• B) The risk that the auditor will provide an unqualified opinion on financial statements that are, in fact, materially misstated.
• C) The overall risk that a material misstatement exists in the financial statements.
• D) The risk that auditors use audit procedures that are inappropriate.

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Definitions:

Behavior Patterns

Repetitive actions or reactions that are exhibited by individuals across different situations, often forming an identifiable part of their character or psychological profile.

Humanistic Approach

A perspective in psychology that emphasizes the study of the whole person and the uniqueness of each individual’s experience.

Aggressive Behavior

Actions that aim to harm or injure another individual, either physically or psychologically, often as a response to frustration or threat.

Basic Needs

Fundamental physiological and psychological necessities required for human survival and well-being, such as food, water, shelter, and belonging.