How Much Control Does the Auditor Have Over Inherent Risk

question 53

Multiple Choice

How much control does the auditor have over inherent risk?

• A)The auditor adjusts the controls that are considered (high level of control).
• B)The auditor considers inherent risk for the business as a whole (some control).
• C)The auditor assesses the factors that make up inherent risk (no control).
• D)The auditor calculates inherent risk values as a residual (no control).

---

Definitions:

Preview the Results

A functionality that allows users to see a simulation or sample of the outcome of changes before they are finalized.

Merge Fields

In document and email template design, placeholders that are replaced with actual data when the template is used, often for personalized information.

Update Labels

The process of revising or editing the labels in a user interface or in a dataset to reflect changes or to improve clarity.

AddressBlock Merge Field

A placeholder in document template software for inserting a recipient's full address dynamically during a mail merge process.