中国大学MOOC: 1. Audit risk represents the risk that the auditor will give an inappropriate opinion on the financial statements when the financial statements are materially misstated. Which of the following categories of risk can be controlled by the auditor?Category of risk:(1) Control risk(2) Detection risk(3) Sampling risk
举一反三
- If acceptable audit risk is low, and inherent risk and control risk are both low, then planned detection risk should be high. （ ）
- 中国大学MOOC: The definition of the risk of material misstatement is Inherent Risk × Control Risk × Detection Risk”. Is this statement true or false?
- The definition of the risk of material misstatement is 'Inherent Risk × Control Risk × Detection Risk.（ ）
- Which of the following statements regarding a country risk premium is TRUE A: Country risk arises from expected economic and political events. B: Firms in different countries assume significantly different financial risk. C: Exchange rate risk is relatively small and can be ignored.
- Which of the following statements about sampling is appropriate? A: Sampling risk could be reduced to zero by enlarging the sample size B: Sampling risk could be quantified in a statistical sampling C: Non-sampling risk could be reduced to zero by enlarging the sample size D: Non-sampling risk doesn’t exist during tests of controls