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:

Average Service Time

The average duration needed to complete a particular service or process.

M/M/S

A queuing model notation representing a system with exponential service times, exponential interarrival times, and S servers.

Average Number

Represents the mean or central value of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.