Which of the following is a factor that would cause an increase in the assessment of control risk?
a. New products have uncertain likelihood of success
b. Little interaction between senior management and operating staff
c. A new business strategy is improperly implemented.
d. The industry is mature and declining.
b
You might also like to view...
Bonds that give the corporation the option of redeeming the bond before the maturity date are called serial bonds
Indicate whether the statement is true or false
Which of the following statements are not required under Germany’s accounting standards?
a. The Balance Sheet b. The Income Statement c. The Cash Flow Statement d. All of the above are required
If a nurse administers CPR to save the life of a dying man and negligently injures the man's arm in the process, the nurse cannot be sued as he or she is protected by Good Samaritan statutes
Indicate whether the statement is true or false
Usually in cases where there is a known principal, the agent has liability for, and rights under, contracts made on behalf of a principal
a. True b. False Indicate whether the statement is true or false