Q7: Which of the following is best described as: Risk that a material misstatement will not be prevented or d | UPSC EPFO APFC 2026
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Which of the following is best described as: Risk that a material misstatement will not be prevented or detected and corrected by internal control

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Question ID #25915 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Auditing Sectional Test 2026 Medium

Which of the following is best described as: Risk that a material misstatement will not be prevented or detected and corrected by internal control

Correct Answer: A. Control risk
The correct answer is Control risk. Risk that a material misstatement will not be prevented or detected and corrected by internal control

Which of the following is best described as: Risk that a material misstatement will not be prevented or detected and corrected by internal control - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: A. Control risk

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