Control risk is
A) the probability that a material misstatement could not be prevented or detected by the entity's internal control policies and procedures.
B) the probability that a material misstatement could occur and not be detected by auditors' procedures.
C) the risk that auditors will not be able to complete the audit on a timely basis.
D) the risk that auditors will not properly control the staff on the audit engagement.
Correct Answer:
Verified
Q2: Which of the following types of auditors'
Q3: Which of the following presumptions is correct
Q4: Which of the following presumptions does not
Q5: The auditors' responsibility to express an opinion
Q6: Which of the following procedures would provide
Q7: Which of the following is an element
Q8: An important role of the Public Company
Q9: The responsibilities principle under generally accepted auditing
Q10: Which of the following is not considered
Q11: Auditors try to achieve independence in appearance
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