Which of the following occurs when, based on sample results, control risk is assessed excessively high?
a. Audit inefficiency.
b. A less expensive audit.
c. Reduction of substantive testing.
d. Errors that are more likely to occur than anticipated.
a
You might also like to view...
A bundled price is preferable when:
a. different customers have different needs. b. firms customize services for each individual customer. c. consumers dislike having to pay extra for every part of a service. d. firms want to charge for their supplementary services separately.
Which of the following statements about the visual-fit method is (are) true? I.The method results in the creation of a scatter diagram. II.The method is not totally objective because of the manner in which the cost line is determined. III.The method is especially helpful in the determination of outliers.
A. I only. B. II only. C. I and II. D. I and III. E. I, II, and III.
According to the expectancy theory, rewarded behavior is likely to be repeated, whereas punished behavior is less likely to be repeated.
Answer the following statement true (T) or false (F)
Williams Inc. has acquired software to help manage interactions with its supply base. This suggests that Williams Inc. is involved in:
A. Vendor-managed inventory. B. Supplier relationship management. C. Online reverse auctions. D. Supplier auditing.