Control Risk refers to A) The possibility that an existing internal control will not prevent...
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Accounting
Control Risk refers to
A) The possibility that an existing internal control will not prevent or detect a material error.
B) The possibility that a material misstatement that has occurred will not be detected on a timely basis by the company's control system
C) The possibility that a material misstatement that has occurred will not be caught be the independent auditor's testing
D) The possibility that a material misstatement will occur in the financial statements
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