Which one of the following statements is most appropriate to Control risk? Susceptibility of account balances or class of transaction to be materially misstated, assuming there were no internal controls Risk of non-detection of material misstatements in financial statements Risk of failure of internal control in the prevention or detection of material misstatements Risk of an inappropriate opinion

Which one of the following statements is most appropriate to Control risk? Susceptibility of account balances or class of transaction to be materially misstated, assuming there were no internal controls Risk of non-detection of material misstatements in financial statements Risk of failure of internal control in the prevention or detection of material misstatements Risk of an inappropriate opinion

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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