What Is the Typical Scale for Audit Risk

question 64

Multiple Choice

What is the typical scale for audit risk?

• A)1% - 10%
• B)1% - 5%
• C)0% - 5%
• D)0% - 10%

---

Definitions:

Social Change

The alteration over time in behavior patterns, cultural values, and norms of a society.

Cultural Diffusion

The process by which cultural beliefs, practices, and items spread from one society or culture to another.

Technological Determinism

The theory that technology is the principal factor driving societal changes and shaping societal structure and cultural values.

Globalization

The cultural and economic changes resulting from dramatically increased international trade and exchange in the late twentieth and early twenty-first centuries.