Which of these would not necessarily be considered to be a risk factor for potential misstatements?
A) Segregation of duties is not practiced.
B) An employee in the cash office was passed over for a promotion.
C) There is intense price competition in the industry of operation.
D) Profit margin has increased and inventory turnover days has decreased.
Correct Answer:
Verified
Q1: Which of these is not normally a
Q2: The least costly form of testing is
Q3: For small clients, it is often more
Q3: If the lower assessed level of control
Q7: Which of these is not compatible with
Q8: Which of these would be a reason
Q9: Tests of details of transactions primarily involve:
A)confirmation
Q11: Which of these would not be considered
Q12: Tests of details of transactions generally use
Q14: If the predominantly substantive approach preliminary audit
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