Which of the Following Factors Would Not Be Considered in Determining

question 416

Multiple Choice

Which of the following factors would not be considered in determining appropriate follow-up procedures?

• A) The significance of the audit finding.
• B) The effort and cost needed to correct the reported condition.
• C) The availability of funds in the audited department's budget to correct the reported condition.
• D) The potential consequences if the corrective action fails.

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Definitions:

Prices

The amounts of money expected, required, or given in payment for something.

Economic Downturn

A period of decline in economic activity and growth, often marked by rising unemployment and financial instability.

Capital Crime

A crime that is punishable by death.

Conspiracy

A secret plan by a group to do something unlawful or harmful, or the act of creating such plans.