ANSWER

Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35303-INTERNATIONAL AUDITING - III e E JGi JAIN 221VMCRO0177 BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35303-INTERNATIONAL AUDITING - III Exam Start Time : 08/12/2024 10:14 AM Duration : 200 Minutes Show Palette 19. Control risk is the risk that a material misstatement would not be prevented, detected or corrected by the accounting and internal control systems. A low control risk indicates that COMPLETE the auditor can rely on the entity's internal control. An auditor most likely would limit substantive audit tests of sales transactions when control risk is assessed as low for the existence or occurrence assertion concerning sales transactions and the auditor has already gathered evidence supporting which of the following? O A. Opening and closing inventory balances. O B. Cash receipts and accounts receivable. C. Shipping and receiving activities. O D. Cut-offs of sales and purchases. 2024 @ JGIAnveshana. Design & Develop by JGIAnveshana Type here to search ^ 9 0 ENG 10:26 08-12-2024 10