The likelihood that material misstatements may have entered the accounting system and not been detected and corrected
Question:
a. Inherent risk.
b. Control risk.
c. Detection risk.
d. Risk of material misstatement.
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a Incorrect Inherent risk is one component of the risk of material misstatement the correct ans...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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