319. Risk of material misstatement at transaction and account balance level will not depend on:
a) Judgement in valuation
b) Complexity of Transaction
c) Nature of Entity business
d) Unusual Transaction.
Answer : a) Judgement in valuation
 
MCQ revised for better understanding:
Risk of material misstatement at financial statement level does depends on:
a)Complexity of transaction
b)Integrity of management.
c)Nature of Entity business.
d)Unsual pressure on management.
Answer: a)Complexity of transaction