Control risk is the risk that an auditor expresses an inappropriate audit opinion when a
financial statement is materially misstated.

Name: Control risk is the risk that an auditor expresses an inappropriate audit opinion when a financial statement is materially misstated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Control risk is the risk that a client's internal controls will not prevent or detect material misstatements in the financial statements. The risk of an auditor expressing an inappropriate opinion is known as audit risk.

Control Risk Is the Risk That an Auditor Expresses an Inappropriate