In what way does the risk of material misstatement differ from detection risk?
A)Risk of material misstatement arises because audit procedures have been misapplied.
B)Risk of material misstatement can be controlled and changed by the auditor.
C)Risk of material misstatement can be assessed in quantitative and non-quantitative terms.
D)Risk of material misstatement is controllable by the client.

Question

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The Answer of In what way does the risk of material misstatement differ from detection risk?
A)Risk of material misstatement arises because audit procedures have been misapplied.
B)Risk of material misstatement can be controlled and changed by the auditor.
C)Risk of material misstatement can be assessed in quantitative and non-quantitative terms.
D)Risk of material misstatement is controllable by the client.

In What Way Does the Risk of Material Misstatement Differ