Which of the Following Is Not an Inherent Risk Factor

question 80

Multiple Choice

Which of the following is not an inherent risk factor for the revenue process?

• A) Complexity of revenue recognition issues.
• B) Difficulty of auditing transactions.
• C) Special industry practices.
• D) The client does not follow its stated policies for sales order approvals.

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Definitions:

Breadwinner

The primary income earner in a household, responsible for supporting the financial needs of the family.

Air Conditioning

Technology designed to control and maintain the temperature, humidity, and air purity in indoor spaces.

Postwar Years

The period following a war, often marked by reconstruction, reorganization, and adjusting to peacetime conditions.

Phoenix, Arizona

Phoenix, Arizona, is the capital city of the U.S. state of Arizona and is known for its hot desert climate, vibrant nightlife, and rich cultural history.