An exception in a test of control indicates the ________ of misstatements.
A) the amount, likelihood, and classification
B) the amount and the classification
C) the amount
D) the likelihood

Question

Quizplus · Accepted Answer

An exception in a test of control indicates the likelihood of misstatements, as it suggests that the control may not be operating effectively to prevent or detect misstatements in the financial statements.

An Exception in a Test of Control Indicates the ________