Which of the Following Statements Is True

question 58

Multiple Choice

Which of the following statements is true?

• A)Inherent risk is the susceptibility of an assertion to material misstatement before consideration of any related controls.
• B)Inherent risk assessment is affected by internal factors but not external factors.
• C)It is possible to eliminate audit risk.
• D)During the risk assessment phase, auditors will perform audit procedures to identify transactions and accounts where the risk of material misstatement is lowest.

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Definitions:

Strategic Communications

The practice of planning and executing communications that directly support an organization's goals and objectives.

Home Location

Typically refers to the primary residence or geographical location where an individual lives or spends a significant portion of their time.

Public Relations

The process of strategic communication that fosters beneficial connections between organizations and their audiences.

Career Development

The continual process of managing one's work experience, learning, and skills to progress professionally and achieve personal career goals.