For a particular assertion, control risk is the risk that: A. A material misstatement will occur in
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For a particular assertion, control risk is the risk that:
A. A material misstatement will occur in the accounting process and not be detected on a timely basis by the internal control structure.
B. Audit procedures will fail to detect a weak control system.
C. Controls will not detect errors that occur.
D. The prescribed control procedures will not be applied uniformly.
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Related Book For
Modern Auditing And Assurance Services
ISBN: 9781118615249
6th Edition
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
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