Control Risk Is

question 67

Multiple Choice

Control risk is

• A) the risk that a client's system of internal controls will prevent or detect a material misstatement.
• B) the susceptibility of an assertion to a material misstatement assuming there are no related controls.
• C) the risk that a client's system of internal controls will not prevent or detect a material misstatement.
• D) none of the above

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Definitions:

Stress

A psychological condition characterized by emotional, physical, and mental strain or tension, often resulting from demanding circumstances.

Presence

Presence refers to the state of being physically or perceptually in a place or moment, often implying attention, involvement, or participation in the current environment or activity.

Absence

The state of being away or not present, often used in the context of missing work or responsibilities.

Fight-or-Flight

A physiological response to perceived harmful events, attacks, or threats to survival, leading to an increase in heart rate, energy levels, and alertness.