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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 61
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.
Explanation
Verified
Verified
It refers to the risk that the auditor w...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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