When an external auditor unknowingly fails to modify an opinion on financial statements that are materially misstated, this is an example of:
A) An inherent risk.
B) A control risk.
C) An audit risk.
D) A residual risk.
Correct Answer:
Verified
Q346: What role, if any, should the internal
Q347: Which of the following statements regarding organizational
Q348: All of the following would normally be
Q349: When using a risk assessment model to
Q350: An internal quality assessment of the internal
Q352: To ensure that due professional care has
Q353: A chief audit executive (CAE) is obtaining
Q354: An organization's external auditor has prepared a
Q355: In the annual audit of the financial
Q356: A tax consultancy agency retains sensitive personal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents