Numerous Factors Influence the Effectiveness of Analytical Procedures

question 22

Multiple Choice

Numerous factors influence the effectiveness of analytical procedures. Which of the following factors would tend to make analytical procedures less effective?

• A) Relationships that are dynamic.
• B) Precise models.
• C) Reliable systems of internal controls.
• D) A variety of sources.
• E) Assertion specific procedures.

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Definitions:

Borrowing

The act of receiving funds from another party with the agreement to repay the principal amount along with any agreed-upon interest or fees.

Contest

A competition or challenge, often with rules and participants aiming to win or achieve a specific outcome.

Earn

To receive income or compensation in exchange for work or through investments.

Rate Of Interest

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.