How Much Control Does the Auditor Have Over Inherent Risk

question 53

Multiple Choice

How much control does the auditor have over inherent risk?

• A)The auditor adjusts the controls that are considered (high level of control).
• B)The auditor considers inherent risk for the business as a whole (some control).
• C)The auditor assesses the factors that make up inherent risk (no control).
• D)The auditor calculates inherent risk values as a residual (no control).

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Definitions:

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Social Cognition

The study of how people process, store, and apply information about others and social situations.

Self-Regulation

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