Business
Business, 12.11.2019 04:31, parkerwallace04

Assume for client x that inherent risk is assessed at 30%, control risk is assessed at 100%, audit risk is 5%, and detection risk is therefore determined to be 17%. assume for client z that inherent risk is assessed at 100%, control risk is assessed at 100%, audit risk is 1%, and detection risk is therefore determined to be 1%. what is true about the amount of audit work that will need to be conducted? a. client x will require more audit work than client z. b. client z will require more audit work than client x. c. both clients will require a similar amount of audit work. d. the auditor will most likely resign from the client z audit because the inherent risk and control risk are so high.

answer
Answers: 3
Get

Other questions on the subject: Business

image
Business, 21.06.2019 16:30, hvbrown28
What are some of the miranda restrictions on questioning someone?
Answers: 1
image
Business, 22.06.2019 01:30, weeblordd
Amonopolist, unlike a competitive firm, has some market power. it can raise its price, within limits, without the quantity demanded falling to zero. the main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry. complete the following table by indicating which barrier to entry appropriately explains why a monopoly exists in each scenario. scenario barriers to entry exclusive ownership of a key resource government-created monopolies economies of scale in order to own and operate a taxi, drivers are required to obtain a taxi medallion. the aluminum company of america (alcoa) formerly controlled all u. s. sources of bauxite, a key component in the production of aluminum. given that alcoa did not sell bauxite to any other companies, alcoa was a monopolist in the u. s. aluminum industry from the late 19th century until the 1940s. in the public water industry, low average total costs are obtained only through large-scale production. in other words, the initial cost of setting up all the necessary pipes makes it risky and, most likely, unprofitable for competitors to enter the market.
Answers: 2
image
Business, 22.06.2019 03:20, nana54muller
The term “planned redundancy” refers to
Answers: 2
image
Business, 22.06.2019 05:00, baptistatm51976
Idon't under stand the economic worksheet our teacher gave us.
Answers: 2
Do you know the correct answer?
Assume for client x that inherent risk is assessed at 30%, control risk is assessed at 100%, audit r...

Questions in other subjects:

Konu
Mathematics, 20.08.2019 10:30
Konu
Mathematics, 20.08.2019 10:30
Konu
Mathematics, 20.08.2019 10:30
Total solved problems on the site: 7767437