A PA Recently Finished the Audit of a Family-Owned Business

question 4

Multiple Choice

A PA recently finished the audit of a family-owned business. Now she is working on a large client with about 50 times the assets and 30 times total revenue. For the larger client, the PA will likely have

• A) no changes to the audit risk model.
• B) higher control risk.
• C) higher audit risk.
• D) lower audit risk.

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Definitions:

Neurons

Basic working units of the brain, specialized cells that transmit information to other nerve cells, muscle, or gland cells.

Interpreter

A person who translates spoken or sign language into another language.

Thoughts

Mental processes or ideas that occur in the mind, ranging from abstract concepts to concrete plans.

Behaviors

Observable actions or responses of an individual or a system in response to external or internal stimuli.