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eTest: Quiz 2-2018.\'(eSign Inor Sign UplCher. a-audit-sampling[1] X bbuhd edu/w

ID: 2558284 • Letter: E

Question

eTest: Quiz 2-2018.'(eSign Inor Sign UplCher. a-audit-sampling[1] X bbuhd edu/webapps assesment/takelaunchj?p'course,assessment d- 127741,1 8course id- 57193 18content d assessment id-_127741 18course_id-_5719318content,jds Remaining Time: 16 minutes, 34 seconds. Question Completion Status: QUESTION 5 which of the following statements best describes what is meant by setting control risk at 100%? e a.Controls are effective C) b Controls are ineffective C Controls are relevant d Cannot be determined from the information given QUESTION Which of the folloving terms best describes the risk that audit procedures will fail to detect misstatements exceeding tolerab misstatement? a Inherent risk b Detection risk C Audit risk d Control risk

Explanation / Answer

Question - 5

The Correct answer is B - "Controls are ineffective"

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