A Measure of the Auditor's Assessment of the Likelihood That

question 95

Multiple Choice

A measure of the auditor's assessment of the likelihood that there are material misstatements in an account before considering the effectiveness of the client's internal control is called:

• A)control risk.
• B)acceptable audit risk.
• C)statistical risk.
• D)inherent risk.

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Definitions:

Afferent Arteriole

A small artery that leads into a capillary, especially the one leading into the glomeruli of the kidney, where it brings blood for filtration.

Vasa Recta

The capillary networks that surround the tubules in the kidney, playing a crucial role in the concentration of urine.

Osmotic Pressure

The pressure required to prevent the flow of a pure solvent across a semipermeable membrane into a solution, related to the concentration of solutes.