What is the typical range for the assessment of the risk of material misstatement?
A) 0% - 100%
B) 0% - 10%
C) 0% - 5%
D) 1% - 100%

Name: What is the typical range for the assessment of the risk of material misstatement? A) 0% - 100% B) 0% - 10% C) 0% - 5% D) 1% - 100%
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Question

Quizplus · Accepted Answer

The risk of material misstatement can theoretically range from 0% to 100%, as it represents the auditor's assessment of the likelihood that the financial statements are materially misstated before considering any related controls.

What Is the Typical Range for the Assessment of the Risk