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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Dalene

3 months ago

Definitely C. It’s about the range, not just numbers.

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Delsie

3 months ago

Nonquantitative assessments are important for understanding context.

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Malcom

3 months ago

I was torn between A and C, but C feels more accurate.

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Ollie

4 months ago

Yeah, I chose C too. It covers both risks well.

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Derick

4 months ago

I agree, but I feel like Option C makes sense.

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Corinne

4 months ago

I always thought all risks had to be quantified!

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King

5 months ago

Totally agree, C makes the most sense.

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Angella

5 months ago

I thought it could be A or B too.

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Quiana

5 months ago

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

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Filiberto

5 months ago

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

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Laurel

5 months ago

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

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Karrie

5 months ago

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

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Leonora

6 months 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

6 months 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

6 months 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

6 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

6 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

6 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

7 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

7 months ago

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

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Jennie

7 months ago

Option C is definitely the right choice!

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Lashunda

7 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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