Control Risk Is ________

question 36

Multiple Choice

Control risk is ________.

• A) the probability that a material misstatement could occur and not be prevented or detected by the company's internal control policies and procedures
• B) the probability that a material misstatement could occur and not be detected by the auditor's audit procedures
• C) the risk that the auditor will not be able to complete the audit on a timely basis
• D) the risk that the auditor will not properly control the staff on the audit engagement

---

Definitions:

Social Media

Platforms and technologies that enable users to create, share content, or participate in social networking, such as Facebook, Instagram, and Twitter.

Communication Technology

The use of tools and platforms to facilitate communication and information exchange across distances, including the internet, email, and telecommunications.

Culture

The ideas, customs, social behavior, and artifacts of a particular society, group, place, or time.

True Feelings

Genuine emotions or sentiments that a person may express or conceal, depending on the context or situation.