The risk that an auditor's procedures will lead to the conclusion that a material misstatement does not exist in an account balance when,in fact,such misstatement actually exists is
A) Audit risk.
B) Inherent risk.
C) Control risk.
D) Detection risk.
Correct Answer:
Verified
Q18: Certain conditions and circumstances are often present
Q35: When fraud risk is significant,and management cooperation
Q36: When an auditor becomes aware of possible
Q37: The probability that an audit team will
Q39: An audit team uses the assessed risk
Q41: Horizontal analysis refers to
A) The trend of
Q42: Generally accepted auditing standards state that analytical
Q43: Analytical procedures used in planning an audit
Q44: The auditor uses the assessed level of
Q45: Sources of financial and nonfinancial data do
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