Many Audits Have a ________ Risk of Misstatement for the Payroll

question 66

Multiple Choice

Many audits have a ________ risk of misstatement for the payroll cycle.

• A)high
• B)minimal
• C)moderate
• D)zero

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Definitions:

Global

Relating to or encompassing the whole world; involving or affecting the entirety of the Earth.

Regional

Pertaining to or characteristic of a specific geographic area or region, often used to describe businesses, cuisines, languages, or cultures unique to that area.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the material welfare of humans.

Political

Relating to the government or public affairs of a country.