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When the Audit Team Increases the Planned Assessed Level of Control

question 31

Multiple Choice

When the audit team increases the planned assessed level of control risk because certain control activities were determined to be ineffective,the audit team would most likely increase the


Definitions:

Tort Liability

Legal responsibility that arises from civil wrongs causing harm or loss, not arising from contract law.

Tort Liability

Legal responsibility arising from a civil wrong or injury for which a court remedies in the form of damages.

Civil Liability

involves a legal obligation that arises in civil lawsuits as opposed to criminal proceedings, where an individual is held responsible for damages or injuries caused to another party.

Tort of Nuisance

A legal action for damages caused by a person's unreasonable use of their property, which interferes with others' rights to enjoy their property.

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