Assessing control risk at a lower level most likely would involve:
A. reducing inherent risk for most of the assertions relevant to significant account balances.
B. performing more extensive substantive procedures with larger sample sizes than originally planned.
C. changing the timing of substantive procedures by omitting interim testing and performing the tests at year-end.
D. identifying specific internal controls relevant to specific assertions.
Answer: D
You might also like to view...
A 90-day note issued on April 10 matures on:
A. July 11. B. July 13. C. July 10. D. July 12. E. July 9.
RFID tags can be used to trace the movement and location of materials
Indicate whether the statement is true or false.
Pransit, a truck driver, was involved in a truck collision with a passenger car driver by Sanjay. He sued Sanjay for negligence and Sanjay defended by claiming that Pransit was negligent in his driving. The jury heard both sides of the case and was instructed by the judge on the rules of negligence and defense of comparative negligence. They jury verdict concluded that Pransitsuffered $60,000
damages and Sanjay was 75% negligent and Pransit was 25% negligent in contributing to his own harm. Pransit will recover. a. $15,000. b. $45,000 c. $60,000 d. nothing.
The population from which a sample in a marketing research study will be drawn is referred to as the:
A. universe B. market C. test market D. focus group E. control group