Accounting MCQ Accounting 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

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

Naim 03:03 Accounting

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. risk of material misstatement
b. inherent risk
c. control risk
d. detection risk

Answer: a. risk of material misstatement

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Accounting MCQ

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

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

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