Define what is meant by inherent risk. Identify four factors that make for high inherent risk in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Inherent risk is a measure of the auditors assessment ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
Define what is meant by inherent risk. Identify four factors that are associated with higher inherent risk in audits.
-
Define what is meant by a permanent file, and list several types of information typically included. Why does the auditor not include the contents of the permanent file with the current year's audit...
-
Define what is meant by an audit trail and explain how it can be affected by the client's integration of IT.
-
Find the x-values where the following do not have derivatives. + -6 + y 8 0 6 X
-
Let A and B denote invertible nxn matrices. Show that: (a) adj (A-1) = (adj A)-1 (b) adj (AB) = (adj B)(adj A)
-
What rules, if any, should govern mobile marketing to children?
-
For each of the following sets of numbers, calculate a \(95 \%\) confidence interval for the mean ( \(\sigma\) not known); before going through the steps in calculating the confidence interval, the...
-
The Best Beer Corporation has a beer-processing facility located in Columbus, Ohio. The beer facility has a system efficiency of 90 percent, and the utilization is 80 percent. Three sub-facilities...
-
pick me up at EC, fly in a straight line, and drop me off at WC- - let's call this route: the Drone-Route (DR). True = Search Google Maps Dr False enter V See travel times, traffic and nearby places...
-
The power spectral density of a random process X (t) is shown in Figure. It contains of a delta function at f = 0 and a triangular component. (a) Determine and sketch the autocorrelation function RX...
-
Explain the causes of an increased or decreased planned detection risk.
-
Explain why inherent risk is set for segments rather than for the overall audit. What is the effect on the amount of evidence the auditor must accumulate when inherent risk is increased from medium...
-
Design sorting based and hashing algorithms for computing the division operation.
-
Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July,...
-
What alternative course of action could the Government have taken? What measures can be taken to improve the self-regulating framework of the peg to prevent further speculation against the Hong Kong...
-
Explain the role of telomeres and telomerase in telomere maintenance and cellular senescence, and how dysregulation of these processes contributes to aging-related diseases and cancer progression?
-
The local supermarket normally sells potato chips for $3 a packet and sells 100 packets per week. If the supermarket then discounts the potato chips to $2 a packet and sells 160 packets per week....
-
I'm not going to buy from that store down the street, they don't have the quality of products that I want for my family. I will drive across the tracks (a different community) to buy want I want. "...
-
Which of the following methods in Naming class is used to bind an object? (a) doBind() (b) bind() (c) register() (d) DoRegister()
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
What are the key elements of the strategic planning process?
-
Identify the most relevant assertion(s) for each control that is listed below.Assertions:A. ExistenceB. CompletenessC. AccuracyD. ValuationE. Occurrence Control Assertion(s) Customer credit limits...
-
Determine whether the provided procedure is appropriate for testing the corresponding control. Procedures Controls Yes/No Prior to the sales staff processing an order, the customer's credit must be...
-
For each of the following internal controls, indicate the type of control activity and therelevant transaction-related assertion (audit objective). Control Activity Internal Control...
-
Example: Make vs Buy: A decision concerning whether an item should be produced internally or purchased from an outside supplier. Java J's is a coffee shop offering a variety of coffees, teas and...
-
3. An elastic material fills a cubic-shaped cavity in a rigid metal form. The properties of the material are: E = 15000 MPa v = 0.25 = 120 10-6/C (coefficient of thermal expansion) The material is...
-
Every decision has an Opportunity Cost due to the nature of scarcity, there is always a better alternative not chosen, therefore, there is always an opportunity cost. "The opportunity cost of an...
Study smarter with the SolutionInn App