The probability that the information circulated by a company will be false or misleading is referred to as:
A)business risk.
B)information risk.
C)assurance risk.
D)audit risk.

Question

Quizplus · Accepted Answer

Information risk refers to the risk that information circulated by a company will be false or misleading, leading to incorrect decisions being made. Business risk refers to the risk associated with the operations and performance of the company, assurance risk refers to the risk that the information provided by management is not reliable, and audit risk refers to the risk that the financial statements may contain material misstatements.

The Probability That the Information Circulated by a Company Will