$($G$)$ Carnas

Question $24$

$4$ pts

Audit Risk Formula Part $1$:

Match the risk to its definition.

Audit Risk

$[$Choose$]$

The probability that the client's internal controls will fail to prevent or detect material misstatements The probability that, in the absence of internal controls, material errors or fraud could enter the ac The probability that the auditor's own procedures will fail to detect material misstatements that The probability that an audit team will express an inappropriate audit opinion when the financia

Control Risk

Inherent Risk