If the Likelihood That a Material Misstatement Would Be Prevented

question 73

True/False

If the likelihood that a material misstatement would be prevented, detected, or corrected by the controls in place, then the control risk is low in the revenue transaction cycle.

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Definitions:

Reasonable Accommodation

Voluntary adjustments to work or workplace that allow employees with special needs to perform their job effectively.

Voluntary Adjustments

Changes made willingly or without compulsion, often referring to adjustments in working conditions, salary, or policies initiated by employers or employees.

Special Needs

Refers to the requirements of individuals who have certain disabilities or conditions that necessitate personalized or specific support or accommodations.

Bona Fide Occupational Requirement

A legitimate and essential requirement for a job that justifies the exclusion of certain individuals who cannot meet it due to protected characteristics.