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:

Probability

The likelihood or chance that a specific event will occur, often expressed as a ratio or percentage.

Research Study

A structured process of investigation that aims to uncover new information or test hypotheses in a systematic way.

Prevalence

The ratio of individuals in a population who have a certain condition during a specific timeframe.

Specific Disorder

A particular or distinct form of disorder, often characterized by a very specific set of symptoms or conditions.