Which of the Following Is not Ordinarily Considered a Factor

question 97

Multiple Choice

Which of the following is not ordinarily considered a factor indicative of increased financial reporting risk when an auditor is considering a client's risk assessment policies?

• A)Salaried sales personnel.
• B)Implementation of a new information system.
• C)Rapid growth of the organization.
• D)Corporate restructuring.

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Definitions:

Bretton Woods System

A monetary management system established in 1944, which set fixed foreign exchange rates for currencies in relation to the U.S. dollar and established the International Monetary Fund (IMF) and the World Bank.

World Economy

The global network of economic activities and interactions among countries' economies, including trade, investment, and currency exchange.

Gold Production

The process of extracting gold ore from the earth and refining it into pure gold.

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world in a given period of time, which includes the trade balance, foreign investments, and loans.