Increased Fraud Risk Could Also Result in All of the Following

question 6

Multiple Choice

Increased fraud risk could also result in all of the following except:

• A) Lower detection risk.
• B) Higher inherent risk.
• C) Lower control risk.
• D) Higher client risk.

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Definitions:

Just Compensation

Refers to the compensation or remuneration required by law to be paid to an individual whose property has been taken for public use, ensuring the payment is fair and adequate.

Takings Clause

A provision in the Fifth Amendment of the U.S. Constitution that prohibits the government from taking private property for public use without "just compensation."

Fair Market Value

The price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts and not under any compulsion, would likely agree to transact.

Deontological Ethical Theories

Ethical theories that place emphasis on adherence to duties and rules as the basis of moral actions.