When an entity moves into a significant new line of business, all of the following increase except:
A. acceptable audit risk.
B. client risk.
C. risk of material misstatement.
D. entity business risk.
Answer: A
You might also like to view...
Corrine, a customer service manager, tracks monthly complaints and has been trying over the past six months to reduce them to fewer than 0.2% with additional training for her staff. She is engaged in
A. controlling. B. organizing. C. measuring. D. leading. E. planning
Jan is on trial for arson. For Jan to be found guilty, her guilt must be proved
A. beyond a reasonable doubt. B. by a reasonable preponderance of the evidence. C. beyond a preponderance of the evidence. D. by a preponderance of the evidence.
________ refers to the decline in per unit product costs as the absolute volume of production per period increases
A) Economies of scale B) Economies of scope C) Diseconomies of scale D) Diseconomies of scope
A petty cash fund should have just enough cash to make minor expenditures over a reasonable period (such as a week or a month).
Answer the following statement true (T) or false (F)