The Risk That an Error That Could Occur in an Audit

question 3

Multiple Choice

The risk that an error that could occur in an audit area and could be material,individually or in combination with other errors,will not be prevented or detected and corrected on a timely basis by the internal control system is:

• A)Inherent risk
• B)Control risk
• C)Detection risk
• D)Incontrollable risk

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Definitions:

Passing Strategy

Techniques individuals use to present themselves as part of a different group than they actually are, often to avoid stigma or gain social acceptance.

Dissociating

The psychological process of disconnecting or detaching oneself from thoughts, feelings, memories, or sense of identity, often as a coping mechanism for stress or trauma.

Biological Differences

The physiological and genetic distinctions between individuals or groups, often related to physical attributes, health conditions, or capabilities.

Sexual Preferences

The specific patterns of sexual attraction an individual has towards others, often based on gender, physical traits, and other personal characteristics.