Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The probability that, in the absence of internal controls, material misstatements could enter the accounting system used to develop the financial statements is a .

The probability that, in the absence of internal controls, material misstatements could enter the accounting system used to develop the financial statements is
a. Inherent Risk
b. Control Risk
c. Detection Risk
d. Audit Risk
e. Information Risk
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principles Practice And Problems

Authors: Jagdish Prakash

1st Edition

9327244745, 978-9327244748

More Books

Students also viewed these Accounting questions