Which of These Is Not Compatible with a High Level

question 12

Multiple Choice

Which of these is not compatible with a high level of inherent and control risk?

• A)Detection risk is low.
• B)A larger sample should be used.
• C)Substantive procedures are less effective.
• D)Year-end tests are preferable.

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Definitions:

Interest

A recurring payment at a specified rate for borrowing money or for postponing the payment of an owed amount.

Invested

Money put into something with the expectation of gain, typically through an interest-bearing or equity-based vehicle.

Student Tickets

Discounted tickets offered to individuals enrolled in educational institutions as a benefit or to encourage attendance at events.

Box Office

The place where tickets to events such as movies, plays, and concerts are sold, often used to refer to the commercial success of such events.