Manny Regimbald Is Concerned About the Audit of a High

question 52

Multiple Choice

Manny Regimbald is concerned about the audit of a high risk client, the Lewiston Stampeders. He believes that there is a high likelihood that because his audit team is
Inexperienced that the testing procedures will not detect a material misstatement. This is a(n)

• A) audit risk.
• B) control risk.
• C) detection risk.
• D) none of the above.

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Definitions:

Hindbrain

The posterior part of the brain, consisting of the cerebellum, pons, and medulla oblongata, responsible for regulating basic life functions.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex.

Cerebellum

A region of the brain that plays a vital role in motor control, and may also be involved in some cognitive functions like attention and language.

Pons

A portion of the brainstem that plays a key role in controlling breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.