Question: While performing preliminary analytical procedures, you note that the client's industry is more stable this year versus last year and that the current years profitability
While performing preliminary analytical procedures, you note that the client's industry is more stable this year versus last year and that the current years profitability level is in line with the industry average. All else being held constant, which of the following is most likely true?
Group of answer choices
A. Inherent risk is higher this year
B. Inherent risk is lower this year
C. Control risk is higher this year
D. Control risk is lower this year
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