Control Risk Is Defined as the

question 24

Multiple Choice

Control risk is defined as the

• A)susceptibility to material risk in the absence of controls.
• B)risk that a material misstatement will get through the internal control structure and into the financial statements.
• C)risk that auditors and their audit procedures will not detect a material error or misstatement.
• D)risk auditors will not be given the appropriate documents and records by management who wants to control audit activities and procedures.

---

Definitions:

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, used for psychiatric diagnosis and classification.

Axes

Reference lines used in graphs and charts to show data points and support the visualization of trends, typically including horizontal (x-axis) and vertical (y-axis) lines.

Evaluating

The process of assessing or judging the value, significance, or condition of something, typically following certain criteria or standards.

Abnormal Behavior

Actions or behaviors that deviate significantly from what is considered normal or typical.