Which of the following is not a primary consideration when assessing inherent risk?
A)Nature of client's business
B)Existence of related parties
C)Degree of separation of duties
D)Susceptibility to misappropriation of assets

Question

Quizplus · Accepted Answer

Degree of separation of duties is a factor to consider when assessing control risk, not inherent risk. The other choices are appropriate factors to consider when assessing inherent risk.

Which of the Following Is Not a Primary Consideration When