The Risk Model Is Defined as AR = IR X

question 14

Multiple Choice

The risk model is defined as AR = IR x CR x DR.The risk of assessing control risk too low can lead to:

• A)The auditor performing more work than needed, thus wasting resources.
• B)The auditor failing to do additional work that should be done.
• C)Poor choice of procedures.
• D)Expanding sample sizes required for statistical sampling of account balances.

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Definitions:

CPA

Stands for Cost Per Action, a metric in online advertising where the advertiser pays for each specified action linked to the advertisement.

Cost Per Engagement

A metric used in digital advertising to calculate the cost paid for each interaction (like, share, comment) with a piece of content.

Viral Activity

Online content that becomes extremely popular through rapid sharing, often across various social media platforms.

Content Creativity

The ability to generate innovative and engaging ideas for content across various platforms to attract and retain an audience.