Inherent risk and control risk are often evaluated together,because _____.
A) They are essentially the same.
B) They are interrelated,as internal controls are typically developed in response to assessed inherent risks.
C) Both are inversely related to the amount of substantive testing performed.
D) Gathering Neither risk can be mitigated by the auditor.
Correct Answer:
Verified
Q1: Anyone who designs a processing system should
Q2: What is a "walk through" test?
A)A means
Q4: Monthly comparison of the accounts receivable control
Q5: Which of the following descriptions of job
Q6: When the assessed level of inherent risk
Q7: At the planning stage,the auditor's primary goal
Q8: Which of the following is true regarding
Q9: Validity refers to _.
A)ensuring that transactions are
Q10: To track employee time worked,an audit client
Q11: Which of the following statements is true?
A)Testing
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