The assessment of inherent risk requires consideration of matters that have a pervasive effect on the...
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The assessment of inherent risk requires consideration of matters that have a pervasive effect on the entity as a whole and matters that may affect only specific accounts. Which of the following is an example of a "pervasive effect" matter? Industry of operation. a. b. Susceptibility to misappropriation. Sensitivity of valuations to economic factors. с. d. All of the above. The assessment of inherent risk requires consideration of matters that have a pervasive effect on the entity as a whole and matters that may affect only specific accounts. Which of the following is an example of a "pervasive effect" matter? Industry of operation. a. b. Susceptibility to misappropriation. Sensitivity of valuations to economic factors. с. d. All of the above.
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D is the rret nswer ll f the bve ervsive effets n the finnil sttements re thse tht in the uditrs jud... View the full answer
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-0077732509
10th edition
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
Posted Date:
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