The Auditor Has Determined That, as the Assessment of Control

question 1

Multiple Choice

The auditor has determined that, as the assessment of control risk is high, the audit strategy adopted will be the predominantly substantive approach.What is the cost of this audit likely to be?

• A)Low.
• B)Moderate.
• C)High.
• D)Cannot be determined.

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Definitions:

Cholesterol

A type of lipid that is an essential structural component of animal cell membranes and can be either dietary or synthesized by the liver.

Molecule(s)

The smallest unit of a chemical compound that can exist; consists of two or more atoms bonded together.

Digestion

The biological process by which organisms break down food into smaller components, enabling nutrient absorption and waste elimination.

Organic Molecules

Carbon-based molecules, typically found in living systems, that include compounds such as carbohydrates, lipids, proteins, and nucleic acids, essential for life.