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Author Question: In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following? (Read 20 times)

madimontg

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In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following?
◦ the internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
◦ the risk that the internal control system will not detect a material misstatement of a financial statement assertion
◦ the risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion
◦ the susceptibility of a financial statement assertion to a material misstatement, assuming there are no related controls


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Marked as best answer by madimontg on Aug 21, 2022

Sha

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madimontg

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Reply 2 on: Aug 21, 2022
Excellent


ultraflyy23

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Reply 3 on: Yesterday
:D TYSM

 

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