After evaluating inherent risk and control risk, the auditor is in a position to evaluate which of the following types of risk?
A)Transaction risk
B)Loss risk
C)Fraud risk
D)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

Fraud risk is the risk that the financial statements are materially misstated as a result of fraud. Inherent risk and control risk are two of the factors that the auditor considers when assessing fraud risk.

After Evaluating Inherent Risk and Control Risk, the Auditor Is