Oakland Hills (OH) is a ski resort, and the revenue they report each year is greatly affected
Question:
Oakland Hills (OH) is a ski resort, and the revenue they report each year is greatly affected by the temperature and snowfall in the winter months. The variation in revenues from year to year is difficult for management, as their bonus is based on increasing income year over year. This situation best describes which kind of risk?
a. Audit risk
b. Inherent risk
c. Control risk
d. Detection risk
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Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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