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In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following? The susceptibility of a financial statement assertion
In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following? The susceptibility of a financial statement assertion to a material misstatement assuming there are no related controls. The risk that the internal control system will not detect a material misstatement of a financial statement assertion. The risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion. The internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following?
The susceptibility of a financial statement assertion to a material misstatement assuming there are no related controls.
The risk that the internal control system will not detect a material misstatement of a financial statement assertion.
The risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion.
The internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
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