Audit risk is a risk that audit may provide an inappropriate opinion on the basis of his findings during the audit. There are some inherent risks and avoidable risk which result in an audit risk. Audit risk has its three components; inherent risk, control risk, and detection risk. To choose: The action that is not involved while assessing the control risk below high.

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Chapter 6, Problem 6.18MCQ

To determine

Concept Introduction:

Audit risk is a risk that audit may provide an inappropriate opinion on the basis of his findings during the audit. There are some inherent risks and avoidable risk which result in an audit risk.

Audit risk has its three components; inherent risk, control risk, and detection risk.

To choose: The action that is not involved while assessing the control risk below high.

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