Inherent risk is typically ________ for balance- related audit objectives as they relate to payroll.
A) high
B) moderate
C) low
D) not considered

Question

Quizplus · Accepted Answer

Inherent risk for balance-related audit objectives as they relate to payroll is typically low because payroll transactions are repetitive and usually subject to routine processing controls, making significant misstatements less likely.

Inherent Risk Is Typically ________ for Balance- Related Audit Objectives