The assessment of risk of material misstatement can be: expressed in quantitative terms, such as percentages. expressed in qualitative terms, such as "high," "medium," or "low." assessed at the financial

The assessment of risk of material misstatement can be:

expressed in quantitative terms, such as percentages.
expressed in qualitative terms, such as "high," "medium," or "low."
assessed at the financial statement level.
assessed at the relevant assertion level.

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The assessment of risk of material misstatement can be: expressed in quantitative terms, such as percentages. expressed in qualitative terms, such as "high," "med…

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