Which of these is one of the three components of audit risk?
A) deception risk.
B) control risk.
C) rejection risk.
D) acceptance risk.

Question

Quizplus · Accepted Answer

Control risk is one of the three components of audit risk, alongside inherent risk and detection risk. It refers to the risk that a misstatement that could occur in an account balance or class of transactions that could be material, either individually or when aggregated with misstatements in other balances or classes, will not be prevented, or detected and corrected, on a timely basis by the entity's internal control.

Which of These Is One of the Three Components of Audit