Compared to a public company, the most important difference in a nonpublic company in assessing control risk is the ability to assess control risk at ________ for any or all control- related objectives.
A) moderately low
B) high
C) low
D) medium

Question

Quizplus · Accepted Answer

In a nonpublic company, auditors may assess control risk at high because there is often less formal documentation and fewer resources dedicated to internal control systems, making it more challenging to assess and rely on these controls.

Compared to a Public Company, the Most Important Difference in a Nonpublic