When an auditor increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the
A. Extent of tests of details.
B. Level of inherent risk.
C. Extent of tests of controls.
D. Level of detection risk.
A. Extent of tests of details.
You might also like to view...
Speed Zone Inc, dealers in automobiles, pays its employees a commission of 5 percent on each sale. What is the proper classification of the cost of sales commissions?
A) Scattered cost B) Variable cost C) Mixed cost D) Fixed cost
When you desire to increase your willingness to resolve a particular conflict, it is advisable to complete a cost/benefit type analysis of the conflict
Indicate whether the statement is true or false.
Which is correct?
a. Neither Keisha nor her friends were chosen for the new position. b. Neither Keisha nor her friends was chosen for the new position.
The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the FIFO method in its process costing system. UnitsPercent Complete Labor and OverheadWork in process, August 110,00025%Units completed and transferred out75,000 Work in process, August 3120,00050% All materials are added at the beginning of the process. The equivalent units for labor and overhead for the month of August are:
A. 82,500 units B. 95,000 units C. 85,000 units D. 87,500 units