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Match each scenario with the appropriate type of risk it represents ...

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Question

Accounting

Match each scenario with the appropriate type of risk it represents
Group of answer choices:

The auditor arrives at an incorrect conclusion based on evidence provided by client

 Detection risk Inherent risk Audit risk Control risk

Payments have been made without proper approval.

 Detection risk Inherent risk Audit risk Control risk

Auditors have skipped a key substantive audit procedure.

 Detection risk Inherent risk Audit risk Control risk

The same person who writes checks also signs them.

 Detection risk Inherent risk Audit risk Control risk

Technological developments make a major product obsolete

 Detection risk Inherent risk Audit risk Control risk

The client has missed a significant debt payment.

 Detection risk Inherent risk Audit risk Control risk

The client does not have enough money to continue paying employees

 Detection risk Inherent risk Audit risk Control risk

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