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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 24
Which of the following matters relating to an entity's operations would an auditor most likely consider as an inherent risk factor in planning an audit?
A) The entity's fiscal year ends on June 30.
B) The entity enters into significant derivative transactions as hedges.
C) The entity's financial statements are generated at an outside service center.
D) The entity's financial data is available only in computer-readable form.
A) The entity's fiscal year ends on June 30.
B) The entity enters into significant derivative transactions as hedges.
C) The entity's financial statements are generated at an outside service center.
D) The entity's financial data is available only in computer-readable form.
Explanation
Verified
Verified
• The date of fiscal year does not affec...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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