Each of the Following Might,by Itself,form a Valid Basis for an Auditor

question 52

Multiple Choice

Each of the following might,by itself,form a valid basis for an auditor to reduce substantive testing except for the:

• A) Difficulty and expense involved in testing a particular item.
• B) Assessment of control risk at a low level.
• C) Low inherent risk involved.
• D) Relationship between the cost of obtaining evidence and its usefulness.

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Definitions:

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme that plays a critical role in photosynthesis and fatty acid synthesis by carrying electrons.

Noncyclic Pathways

Metabolic pathways that do not recycle their starting molecule, leading to the production of end products.

Hydrogen Ions

Positively charged ions (H+) that are formed when a hydrogen atom loses its electron, often used to quantify the acidity or alkalinity (pH) of solutions.

Thylakoid Compartment

A structure within chloroplasts of plant cells that contains the machinery for photosynthesis.