Which of the Following Risks Are Controllable by the Auditor

question 15

Multiple Choice

Which of the following risks are controllable by the auditor?

• A)Audit risk and detection risk.
• B)Audit risk and control risk.
• C)Risk of material misstatement.
• D)None of the above.

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Definitions:

Superiors and Subordinates

The relationship dynamics between individuals in higher and lower positions of authority within an organization.

Source of Power

The origin or basis from which an individual, group, or organization derives authority, influence, or control.

Strength of Ties

The extent of closeness and intimacy in a social relationship, influencing the flow of information and social support.

Organization

A structured group of people working together towards common goals, often characterized by a division of labor, hierarchies, and policies.