AICPA CPA-Auditing Exam - Topic 2 Question 119 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 119
Topic #: 2

Which of the following risks may be assessed in nonquantitative terms?

AOption A

BOption B

COption C

DOption D
Explanation
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.
Choices 'a', 'b', and 'd' are incorrect, based on the above explanation.

Show Suggested Answer

Suggested Answer: C

by Cristen at Nov 26, 2025, 12:20 AM

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King

9 hours ago

Totally agree, C makes the most sense.

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Angella

6 days ago

I thought it could be A or B too.

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Quiana

11 days ago

I'm just going to close my eyes and pick an answer. Eeny, meeny, miny, moe...

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Filiberto

16 days ago

Option C is the way to go. Quantitative risk assessment is for squares, am I right? *wink wink*

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Laurel

21 days ago

I'm feeling lucky, let's go with Option D. What could possibly go wrong?

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Karrie

26 days ago

Option C for sure. Nonquantitative risk assessment is the way to go - less numbers, more gut feelings!

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Leonora

1 month ago

Hmm, I think it's gotta be Option C. Quantitative risk assessment is so last year, am I right?

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Bronwyn

1 month ago

I’m a bit confused about the differences between inherent risk and detection risk. I hope I can remember which one fits the nonquantitative assessment.

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Daniel

1 month ago

I think we practiced a similar question where we had to identify risks that could be assessed in nonquantitative terms. I feel like it was related to control risk.

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Joaquin

2 months ago

I've got a strategy for this. I'll start by identifying the different types of risks mentioned, then consider which ones can be assessed in nonquantitative terms.

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Tula

2 months ago

This question is testing our understanding of the audit process. I'll review the material on risk assessment and try to apply the concepts to determine the correct answer.

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Gretchen

2 months ago

I'm a bit confused on this one. I know we covered risk assessment in class, but I'm not sure I fully grasp the distinction between the different approaches.

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Margart

2 months ago

I remember discussing how risks can be assessed both quantitatively and nonquantitatively, but I'm not sure which specific options apply here.

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Oliva

2 months ago

I think it's tricky. Nonquantitative terms can be confusing.

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Jennie

2 months ago

Option C is definitely the right choice!

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Lashunda

3 months ago

I vaguely recall that material misstatement is often assessed in nonquantitative terms, but I can't remember if that applies to all the options listed.

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