Which of the Following Is Not a Responsibility Associated with Audit

question 43

Multiple Choice

Which of the following is not a responsibility associated with audit assurance?

• A)Compare and analyse risk tolerance and mitigation strategies.
• B)Evaluate existing and new controls,costs and effectiveness of monitoring procedures.
• C)Define objectives,scope and priorities
• D)Assess exposure,report position and recommend insurance (if necessary).

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Definitions:

Fluctuates

Refers to the variation in the value or level of a variable over time.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Capacity Utilization Rate

The percentage of potential economic output that is actually realized, indicating how fully a country or enterprise is using its productive resources.

Margin Rate

Typically refers to the interest rate charged by brokers for borrowing funds to invest in securities.