Question: The likelihood that material misstatements may have entered the accounting system and not been detected and corrected by the clients internal control is referred to
The likelihood that material misstatements may have entered the accounting system and not been detected and corrected by the client’s internal control is referred to as
a. Inherent risk.
b. Control risk.
c. Detection risk.
d. Risk of material misstatement.
a. Inherent risk.
b. Control risk.
c. Detection risk.
d. Risk of material misstatement.
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