Which of the Following Is NOT a Consideration When the Auditor

question 34

Multiple Choice

Which of the following is NOT a consideration when the auditor is attempting to assess the inherent risk?

• A) Existence of related parties
• B) Nature of client's business
• C) Frequency and intensity of top management's review of the accounting transactions and records
• D) Results of previous audits

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Definitions:

Statement Form

A logical structure that can represent propositions through the use of variables and symbols.

Truth Table

A mathematical table used in logic to determine the validity of expressions based on the truth or falsity of their variables.

Main Connective

The main connective in a logical expression is the operator that determines the overall value of the expression, binding its components.

Truth Values

Assignments of factuality, indicating the veracity of a statement, with the primary values being true and false.