tch the type of risk with the related definition. A. Detection risk B. Control risk C. Inherent risk D. Audit risk ___ 1. The probability that an auditor will give an inappropriate opinion on financial statements. ___ 2. The probability that audit procedures will fail to produce evidence of material misstatements. ___ 3. The probability that the client's internal control policies and procedures will fail to detect material misstatements if they have entered the accounting system. ___ 4. The probability that material misstatements have occurred in transactions entering the accounting system.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 10CYBK
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tch the type of risk with the related
definition.
A. Detection risk
B. Control risk
C. Inherent risk
D. Audit risk
___ 1. The probability that an auditor will give an inappropriate
opinion on financial statements.
___ 2. The probability that audit procedures will fail to produce
evidence of material misstatements.
___ 3. The probability that the client's internal control policies
and procedures will fail to detect material misstatements if
they have entered the accounting system.
___ 4. The probability that material misstatements have occurred in
transactions entering the accounting system.

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