Increasing the Effectiveness of Internal Controls Would Have the Greatest

question 101

Multiple Choice

Increasing the effectiveness of internal controls would have the greatest effect on

• A)reducing inherent risk.
• B)reducing control risk.
• C)reducing detection risk.
• D)reducing audit risk.

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Definitions:

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in the independent variable.

Regression Model

A statistical technique used to predict the value of a dependent variable based on one or more independent variables.

Intercept Term

A constant in a regression model that represents the value of the dependent variable when all independent variables are zero.

Statistically Significant

A term indicating that an observed effect in a study is unlikely to have occurred due to chance alone, according to a predetermined threshold for significance.