Which of the Following Would Most Likely Not Be Included

question 104

Multiple Choice

Which of the following would most likely not be included in the evidence mix for an integrated audit of a public company's financial statements and internal control over financial reporting?

• A) sophisticated internal controls
• B) extensive substantive analytical procedures
• C) extensive tests of details of balances
• D) low inherent risk

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Definitions:

Antitrust Law

Laws designed to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Remedies

Measures or actions taken to solve a problem, correct a fault, or improve a situation.

Fines

Monetary penalties imposed by an authority as punishment for violations of legal or regulatory standards.

Congress

The national legislative body of a country, particularly in the United States, responsible for making laws and comprising two houses: the Senate and the House of Representatives.