For a particular assertion, control risk is the risk that:
A) a material misstatement will occur in the accounting process.
B) audit procedures will fail to detect a weak control system.
C) control procedures will not detect a material misstatement that occurs.
D) the prescribed control procedures will not be applied uniformly.

Question

Quizplus · Accepted Answer

Control risk is specifically the risk that a company's internal controls will fail to prevent or detect a material misstatement in its financial statements.

For a Particular Assertion, Control Risk Is the Risk That