The Second Stage in Audit Risk Assessment Is to _______

question 42

Multiple Choice

The second stage in audit risk assessment is to _______.

• A)gain an understanding of the client's system of internal controls
• B)prevent fraud
• C)use subjective measurement in financial statements
• D)focus on the significant transactions outside of the client's normal course of business

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Definitions:

Gender Dysphoria

Distress or discomfort that may occur when a person's gender identity does not match their physical or assigned sex.

Sexual Identity

An individual's personal sense of their own sexuality, which may include elements such as gender identity, sexual orientation, and sexual preferences.

Sexual Expression

The ways in which individuals express their sexuality, including thoughts, fantasies, desires, beliefs, attitudes, values, behaviors, practices, roles, and relationships.

Deprivation

The condition of lacking or being denied necessary goods, nutrition, social needs, or rights.