Which of the following is least likely to be considered a financial statement audit risk factor? A)Management operating and financing decisions are dominated by top management. B)A new client with no prior audit history. C)Rate of change in the entity's industry is rapid. D)Profitability of the entity relative to its industry is inconsistent.

Question

Quizplus · Accepted Answer

Management dominance by top management is common and does not inherently increase audit risk, unlike the other options which indicate potential instability or lack of historical data.

Which of the Following Is least likely to Be Considered