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

Question

Quizplus · Accepted Answer

Control risk refers to the risk that a client's system of internal controls will not prevent or detect a material misstatement. This means that even if there are control procedures in place, they may not be effective in preventing or detecting errors or fraud.

Control Risk Is