Accounting Multiple Choice Question – 15 September 2025

Audit risk can be split into three components: inherent risk, control risk, and detection risk.

For each of the following examples, select the type of risk illustrated.

The auditor will be using samples in testing……..?

Select ONE answer:

1. Inherent
2. Control
3. Detection
4. No Risk

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct => The use of samples in testing, represents a sampling risk: that the sample tested will not represent the population. Sampling risk is part of detection risk.
4. Not correct

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