Which of the Following Is True Regarding Audit Risk for Segments

question 17

Multiple Choice

Which of the following is True regarding audit risk for segments?

• A)Control risk must be assessed at the same level for all accounts.
• B)Factors affecting inherent risk do not differ from account to account.
• C)Acceptable audit risk is ordinarily assessed by the auditor during the substantive test of balances phase and is held constant for each major cycle and account.
• D)In some cases,a lower acceptable audit risk may be more appropriate for one account than for others.

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Definitions:

Chromosomes

Structures within cells that contain DNA and genetic information, essential for heredity and biological function.

Glucocorticoid

A type of steroid hormone produced by the adrenal glands that regulates metabolism and immune response.

NK Cells

Natural Killer cells, a type of white blood cell that plays a critical role in the body's innate immune system by targeting and destroying virally infected cells and tumor cells.

General Adaptation Syndrome

A three-stage process (alarm, resistance, exhaustion) that describes the physiological changes the body goes through under stress.