The Possibility That a Material Error Will Occur Even Though

question 74

Multiple Choice

The possibility that a material error will occur even though auditors are following audit procedures and using good judgment is referred to as

• A)control risk.
• B)detection risk.
• C)inherent risk.
• D)investigating risk.

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Definitions:

Compassion Fatigue

Emotional distress or apathy resulting from the constant demands of caring for others, often experienced by professionals in caregiving roles.

Burnout

A state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress, often seen in professions with high demands and emotional strain.

Relational Reactions

Emotional and behavioral responses that arise in the context of relationships, influenced by dynamics, communication, and individual perceptions.

Vicarious Trauma

A form of emotional stress resulting from indirect exposure to traumatic events through close interaction with trauma survivors.