Some account balances, such as those for pensions or leases, are the results of complex calculations. The susceptibility to material misstatements in these types of accounts is defined as

A. Audit risk.
B. Detection risk.
C. Sampling risk.
D. Inherent risk.

Ans: D. Inherent risk.

Business

You might also like to view...

Product positioning is an activity that takes the value proposition and puts it to work in the marketplace by planting the competitive advantage in the minds of customers

Indicate whether the statement is true or false

Business

A high job offer does not allow further negotiation

Indicate whether the statement is true or false

Business