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In a Financial Statement Audit,inherent Risk Is Evaluated to Help

Question 69

Multiple Choice

In a financial statement audit,inherent risk is evaluated to help an auditor asses which of the following?


A) the internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
B) the risk the internal control system will not detect a material misstatement of a financial statement assertion
C) the risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion
D) the susceptibility of a financial statement assertion to a material misstatement assuming there are no related controls

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