Examlex

Solved

If Control Risk Increases, and All Other Risks in the Audit

question 51

Multiple Choice

If control risk increases, and all other risks in the audit risk model stay constant except the one referred to below, which of the following statements is correct?


Definitions:

Least Skilled

Referring to individuals with the minimal level of competencies, abilities, or expertise in a particular area or field.

Greatest Effort

The highest level of effort that an individual can possibly exert towards achieving a particular goal.

Social Loafing

The occurrence where people put in less effort towards achieving an objective when they are part of a team, as opposed to when they are working by themselves.

Personally Accountable

The responsibility an individual takes for their actions, including the consequences and outcomes of those actions.

Related Questions