Becker A3: Audit Risk Question

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  • #197075
    gracee413
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    Becker Question –

    Is the wording on this question weird or is it just me? Can someone explain how a range is not quantitative?

    Which of the following may be assessed in non quantitative terms?

    1. control risk

    2. detection risk

    3. inherent risk

    Choice “c” is correct. Both the risk of material misstatement (including control risk and inherent risk) and

    detection risk may be assessed in quantitative terms such as percentages or in nonquantitative terms that

    range, for example, from a minimum to a maximum.

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