If RMM Is Low, Which of the Following Would Be

question 80

Multiple Choice

If RMM is low, which of the following would be true of the audit strategy?

• A)The nature, extent, and timing of substantive procedures would be adjusted.
• B)The strategy will be to rely more on the client's internal controls.
• C)The strategy would be to rely more on the auditor's substantive procedures.
• D)Auditors may decide to use larger sample sizes.

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Definitions:

Combine

To merge or unite two or more items or quantities to form a single entity.

Simplify

The process of altering an expression to make it easier to understand or solve by combining like terms or using properties of operations.

Complex Fraction

A fraction where the numerator, the denominator, or both contain a fraction.

Simplify

The process of making an equation, expression, or problem easier to handle by reducing its complexity while maintaining its equivalence.