Control risk is:
A)the risk that the auditor's testing procedures will not be effective in detecting a material misstatement.
B)the susceptibility of an assertion to a misstatement that could be material assuming there are no related controls.
C)the risk that a client's system of internal controls will not prevent or detect a material misstatement.
D)the risk that fraud has occurred.

Question

Quizplus · Accepted Answer

Control risk is the risk that a client's system of internal controls will not prevent or detect a material misstatement. It is related to the effectiveness of internal controls in ensuring accurate financial reporting.

Control Risk Is