Examlex

Solved

The Audit Team Decided to Reduce Planned Reliance on Internal

question 43

Multiple Choice

The audit team decided to reduce planned reliance on internal controls based on the results of attributes sampling.However,the actual rate of deviation in the population is lower than the tolerable rate of deviation.Which type of risk and loss is the audit team exposed to?


Definitions:

Marasmus

A wasting disease in which the body’s fat and muscle are depleted; growth stops and the body wastes away, taking on a hollow appearance.

Kwashiorkor

A malnutrition disease in children caused by deprivation of protein and calories and characterized by lethargy, bloating, and swelling of the stomach.

Muscular Dystrophy

A group of genetic disorders characterized by progressive weakness and degeneration of skeletal muscles over time.

Adult Weight

The body weight of an individual after fully completing physical growth, typically measured during adulthood.

Related Questions