Question: Control risk is defined as the risk that a material misstatement will get through the internal control structure and into the financial statements. susceptibility to
Control risk is defined as the
risk that a material misstatement will get through the internal control structure and into the financial statements.
susceptibility to material risk in the absence of controls.
risk auditors will not be given the appropriate documents and records by management who wants to control audit activities and procedures.
risk that auditors and their audit procedures will not detect a material error or misstatement.
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