Inherent Risk and Control Risk Differ from Detection Risk in That

question 51

Multiple Choice

Inherent risk and control risk differ from detection risk in that they ________.

• A)arise from the misapplication of auditing procedures
• B)may be assessed in either quantitative or non-quantitative terms
• C)exist independently of the financial statement audit
• D)can be changed at the auditor's discretion

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Definitions:

Behaviourism

A theoretical approach that focuses on studying behaviors that can be observed and measured, often disregarding internal processes like cognition.

Observable Behaviour

Actions or reactions that can be seen and measured, often used in behaviorist psychology to study and modify behavior.

Cellular Activity

The various processes and functions that occur within living cells, encompassing biochemical reactions, signal transduction, and energy production.

Tranquillizers

Medications used to reduce tension or anxiety, often by depressing nervous system activity.