Question: a . LO 6 . 5 An account with one or more relevant assertions is referred to as a ( 1 ) Detection risk account.

a. LO 6.5 An account with one or more relevant assertions is referred to as a
(1) Detection risk account.
(2) Further account.
(3) Relevant account.
(4) Significant account.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

McCormick Beef Processing is a small Beef processing and Butcher shop facility located in a small Nebraska town. In addition to Beef processing, the Company has a traditional Retail Butcher Shop....

Q:

6 - 3 8 . Multiple Choice Questions Select the best answer for each of the following. Explain the reasons for your selection. a . In planning and performing an audit, auditors are concerned about...

Q:

10-29 (LOs 1, 2, 3) Ontario Fun Space (OFS) is a privately owned entertainment complex consisting of a theme park, concert venue, and marina in Lion's Head, Ontario. OFS was founded in 1988 by a...

Q:

The group project is a hands-on exercise in planning a financial statement audit. The project will give you an opportunity to consider how the concepts and techniques discussed in the course apply in...

Q:

Ontario Fun Space (OFS) is a privately owned entertainment complex consisting of a theme park, concert venue, and marina in Lions Head, Ontario. OFS was founded in 1988 by a group of 10 local...

Q:

Planning substantive testing procedures Background: You are part of the audit team assigned to the audit of Maidenhair Enterprises for the year ended 30 June 2020. The trial balance for this client...

Q:

Background: You are part of the audit team assigned to the audit of Maidenhair Enterprises for the year ended 30 June 2020. The trial balance for this client is shown below. Maidenhair Enterprises...

Q:

Background: You are part of the audit team assigned to the audit of Maidenhair Enterprises for the year ended 30 June 2020. The trial balance for this client is shown below. Maidenhair Enterprises...

Q:

Alvin is auditing Demure Fashions Inc., a chain of womens clothing stores. Demure operates six stores in shopping malls across the Toronto area and has been an audit client of Alvins firm for several...

Q:

Ontario Fun Space (OFS) is a privately owned entertainment complex consisting of a theme park, concert venue, and marina in Lions Head, Ontario. OFS was founded in 1988 by a group of 10 local...

Q:

1.) How much money will you have in 20 years if you save $800 per year? Assume you make 20 annual payments at the end of each year and that you can earn 7.0 percent annual interest. 2.) How much...

Q:

Speculate on why the relaxation time for 13C on a 90 degree tip is so much longer than 20 degree. What about 29Si? How can you speed this up? Finally, if 20 degree works, why not 5 degree, or 1...

Q:

14. Daniel is employed by Bob's Boatyard as a collection agent. Daniel was to repossess a boat owned by Anya for missed payments for a dock rental. In fact, Anya was NOT late, but Bob's bookkeeper...

Q:

Which of the following is NOT a retall banking service? Check deposit services. Polnt of sale / debit eards. Telephone bill paying services. Pre outherined defilsicredits. Automated teller machines.

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...