Prior to starting Turner Inc.’s annual audit, Cynthia Witt reviews the audit working papers of the prior year to determine the risk that a client's system of internal controls will not prevent or detect a material misstatement. Which one of the following does this review refers to?

a. audit risk

b. control risk

c. inherent risk

d. detection risk

Answer rating: 100% (QA)

b control risk Control risk is the risk that the entitys internal controls are incapable of prevent... View the full answer