Question: An auditor would be most likely to assess control risk at the maximum level in an electronic environment with automated system-generated information when a. Sales
An auditor would be most likely to assess control risk at the maximum level in an electronic environment with automated system-generated information when
a. Sales orders are initiated using predetermined, automated decision rules.
b. Payables are based on many transactions and large in dollar amount.
c. Fixed asset transactions are few in number, but large in dollar amount.
d. Accounts receivable records are based on many transactions and are large in dollar amount.
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