kelihood tha ements in ar cing the effe ffe
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A measure of the auditor's assessment
of the likelihood that there are material
misstatements in an account before
considering the effectiveness of the
client's internal control is called: *
Inherent risk
O Control risk
Statistical risk
O Acceptable audit risk
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