Which of the following factors would lead an auditor to assess inherent risk at a higher level?
a. The account balance is easily determined without estimation.
b. The account balance is composed of a high volume of nonroutine transactions.
c. The account balance is composed of simple transactions.
d. All of the above would lead the auditor to assess a higher level of inherent risk.
b
You might also like to view...
Which of the following is a backward-looking market metric?
A) customer awareness B) market share C) product trial D) customer satisfaction E) perceptions of relative product quality
How are a business mission and business vision different?
What will be an ideal response?
The accrual basis of accounting requires adjustments to recognize revenues in the periods they are earned and to match expenses with revenues.
Answer the following statement true (T) or false (F)
An approach to marketing that involves the entire business organization in the process of satisfying customers' needs while achieving the organization's goals is called
A. market utility. B. market segmentation. C. marketing systems. D. the marketing concept. E. the market plan.