The assessment of inherent risk requires consideration of matters that have a pervasive effect on the entity as a whole and matters that may affect only specific accounts. Which of the following is an example of a pervasive effect matter? Industry of operation. a. b. Susceptibility to misappropriation. Sensitivity of valuations to economic factors. с. d. All of the above.

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Related Book For  answer-question

Auditing and Assurance Services A Systematic Approach

10th edition

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

ISBN: 978-0077732509