$$

$$Control risk is

Question $3$ options:

the risk that a client's system of internal controls will prevent or detect a material$$misstatement$.$

$$the susceptibility of an assertion to a material misstatement assuming there are no related controls.

$$the risk that a client's system of internal controls will not prevent or detect a material misstatement.

$$the risk the auditor will not be able to perform tests of controls.

Question $4(0\mathrm{.}5$ points$)$

$$

Noela Francis performed work for a client in the real estate business and issued a Compilation Engagement Report. What degree of assurance does a compilation engagement provide to the user of the statements?

Question $4$ options:

reasonable assurance

moderate assurance

no assurance

complete assurance