Question: The risk an entity will fail to meet its objectives is referred to as: business risk. assurance risk. information risk. audit risk.

The risk an entity will fail to meet its objectives is referred to as:

  • business risk.
  • assurance risk.
  • information risk.
  • audit risk.

Step by Step Solution

★★★★★

3.30 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

business risk Business risk is that the exposure a corporation or organization should factors that m... View full answer

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:

Consider a 4-stage LFSR over GF (2) with feedback polynomial P ( x )= x 4+ x +1. With initial state s 3...... s 0=0101, select the correct output sequence s 13...... s 0 for this LFSR. Use the...

Q:

Using a double-angle or half-angle formula to simplify the given e (a) If cos (34 ) sin (34) = cos(A), then degrees (b) If cos (6x) - sin (6x) = cos(B), then A = B =

Q:

An assurance service is defined as a service that a. Provides auditing services to nonfinancial information. b. Reviews unaudited financial information. c. Improves the quality of information for...

Q:

1. Explain whether you agree or disagree with the following statement: The credit risk of a bond is the risk that the issuer will fail to meet its obligation to make timely payment of interest and...

Q:

1. Evaluate the questionnaire. Can you suggest any improvements? 2. Will this survey meet its objectives? Explain. At the U.S. Department of Health and Human Services, the Agency for Healthcare...

Q:

Project Planning Projects have many dependencies, any of which could become points of failure. Without the cooperation or input from even one vital resource, a project may fail to meet its...

Q:

Its statement of July 27, 2016, indicated that the FOMC it would pursue policies to meet its objectives of maximum employment and 2 percent inflation. Plot since 2009 the evolution of the FOMCs...

Q:

Why might a restaurant that buys in the best food ingredients still fail to meet its customers expectations of quality? [5]

Q:

10 Once an enterprises risk tolerance is determined, the role of risk management is to: A analyze risk drivers. B align risk exposures with risk appetite. C identify the extent to which the...

Q:

1. Has TomTom done the appropriate planning to operate strategically and competitively? 2. What opportunities and threats do you see for TomTom? What macro-environmental trends contribute to your...

Q:

You must estimate the mean temperature (in degrees Fahrenheit) with the following sample temperatures: 64.6 39.9 31.1 38.9 50.8 43.6 Find the 98% confidence interval. Enter your answer as an...

Q:

Mabels Piano Tuning is a company that specializes in piano tuning and repair. Mabels Piano Tuning employs 11 specially trained piano tuners who will, upon request, drive to a clients location and...

Q:

( 7 pts ) A company wants to enclose three parallel rectangular areas for sorting and storing goods using 1 2 0 0 yards of fencing. What is the largest total area that can be enclosed? A = L *

Q:

Describe the different ways in which capital can be transferred from suppliers of capital to those who are demanding capital.

Q:

Is an initial public offering an example of a primary or a secondary market transaction?

Q:

Identify and briefly compare the two leading stock exchanges in the United States today.

Q:

Indicate whether the following instruments are examples of money market or capital market securities. a. U.S. Treasury bills b. Long-term corporate bonds c. Common stocks d. Preferred stocks e....

Q:

A woman went to the Beneficial Loan Company and borrowed $3000. She must pay $119.67 at the end of each month for the next 30 months. (a) Calculate the nominal annual interest rate she is paying to...

Q:

scenario: you are a first-year college student and are feeling overwhelmed by the demands of the coursework, extracurricular activities, and your part-time job. You have a lot of assignments and...

Q:

QUESTION 1 The audit objective that all balances include items owned by the client is related most closely to which one of the ASB balance assertions? Valuation. Rights and obligations. Completeness....

Q:

Hello, i need help with question 12 of Part III: Analysis of Pension and Other Post-Employment Benefit Costs(page 10 of the Case pdf) . I have uploaded the documents needed to answer this question....

Q:

Attached is a scenario and list of questions required for a 5 to 7 page paper. Executive Summary Smackey Dog Foods, Inc, created by sisters, Kim, Jillian and Sarah was a private start-up company that...

Q:

What is the significance of assessing risk in the internal control process? Please explain in own words. Please see paragraphs below to get an idea and raise thoughtful questions, analyze relevant...

Q:

What is the significance of assessing risk in the internal control process? Please explain in own words. Please see paragraphs below to get an idea and raise thoughtful questions, analyze relevant...

Q:

Subject: Accounting - Public Sector Auditing What is the significance of assessing risk in the internal control process? Please explain in own words. Please see paragraphs below to get an idea and...