Which of the Following Factors Would Lead an Auditor to Assess

question 36

Multiple Choice

Which of the following factors would lead an auditor to assess inherent risk at a higher level?

• A)The account balance is easily determined without estimation.
• B)The account balance is composed of a high volume of nonroutine transactions.
• C)The account balance is composed of simple transactions.
• D)All of the above would lead the auditor to assess a higher level of inherent risk.

---

Definitions:

Curriculum Delivery

The method or strategy used by educators to impart knowledge and skills to students.

Baccalaureate Degree

A postsecondary degree awarded after a course of study lasting three to seven years (or more), depending on the area of study.

Socioeconomics

The study or analysis of the interrelationship between economic activity and social life.

Rural Farming Communities

Regions or populations that predominantly engage in agriculture and reside in countryside areas, often characterized by a close sense of community.