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Author Question: The risk of material misstatement refers to (Read 54 times)

krabuske

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Question 1

The measurement of the auditor's assessment of the susceptibility of an assertion to material misstatement, before considering the effectiveness of related internal controls is defined as
◦ audit risk.
◦ inherent risk.
◦ sampling risk.
◦ detection risk.

Question 2

The risk of material misstatement refers to
◦ control risk and acceptable audit risk.
◦ inherent risk.
◦ the combination of inherent risk and control risk.
◦ inherent risk and audit risk.


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Marked as best answer by krabuske on Aug 21, 2022

StephaniaF

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krabuske

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Reply 2 on: Aug 21, 2022
Wow, this really help


ultraflyy23

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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