Inherent Risk Is

question 70

Multiple Choice

Inherent risk is

• A) assessed as high when there are no internal controls tested or relied upon by the auditor.
• B) assessed as low when there are good internal controls in place.
• C) the risk of a misstatement occurring irrespective of any internal controls put in place by management.
• D) the risk that the auditor's testing procedures will not detect a material misstatement.