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Please ellaborate further with simplicity what it means by “susceptibility of an assertion to a misstatement”..i gues my problem lies with the word susceptability.
the word susceptibility means the state or fact of being likely or liable to be influenced or harmed by a particular thing. synonyms are sensitivity or in other words the vulnerability, likelihood.
So let me paraphrase the word “susceptibility” in a sentence. Inherent Risk is the likelihood that an assertion( which is a claim) to a misstatement could be material individually or when combine with other misstatements, assuming there is no related controls in place.
This is my interpretation of the word. Maybe someone might have a better interpretation.
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