Which of the following is NOT a consideration when the auditor is attempting to assess the inherent risk?

Question

Quizplus · Accepted Answer

While the frequency and intensity of top management's review of accounting transactions and records may be a factor considered in assessing control risk, it is not a consideration in assessing inherent risk. The other options are all relevant factors in assessing inherent risk. Related parties may present a risk of potential conflicts of interest, the nature of the client's business may pose unique risks, and the results of previous audits can indicate areas of concern.

Which of the Following Is NOT a Consideration When the Auditor