When the Auditor Identifies Internal Control Weaknesses, ________

question 34

Multiple Choice

When the auditor identifies internal control weaknesses, ________.

• A)control risk is increased
• B)control risk is decreased
• C)risk of material misstatement decreases
• D)inherent risk is decreased

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Definitions:

Earliest Start

The soonest time at which a particular task, project, or activity can begin, taking into account resource availability and constraints.

Latest Start

The latest time a task or activity can begin without delaying the project's completion date.

PERT

Project Evaluation and Review Technique, a method used to analyze and represent the tasks involved in completing a given project.

CPM

Critical Path Method; a project management technique used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the project plan.