Material misstatement risk consists of?

date:2026-07-21 16:47:23 author:admin browse: time View comments Add Collection

Material misstatement risk consists of?

 Material misstatement risk consists of?

A. Control risk and detection risk

B. Inherent risk and control risk

C. Inherent risk and detection risk

D. Audit risk and detection risk

Answer: B

Explanation: Material misstatement risk = Inherent risk × Control risk, existing before audit procedures.