Answered: The risk that audit evidence for a…

The risk that audit evidence for a segment will fail to detect misstatements exceeding tolerable misstatement is: * Audit risk

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

Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 10RQSC

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Question

The risk that audit evidence for a
segment will fail to detect
misstatements exceeding tolerable
misstatement is:
Audit risk
Inherent risk
Planned detection risk
O Control risk

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