Which of the Following Is least likely to Be Considered

question 25

Multiple Choice

Which of the following is least likely to be considered a financial statement audit risk factor?

• A)Management operating and financing decisions are dominated by top management.
• B)A new client with no prior audit history.
• C)Rate of change in the entity's industry is rapid.
• D)Profitability of the entity relative to its industry is inconsistent.

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Definitions:

Sales Engineer

A specialist who combines technical knowledge with sales skills to provide advice and support on a range of products, especially in the technology or industrial sectors.

Plastic Furniture

Furniture made from plastic materials, known for its durability, affordability, and versatility in design. Often used for both indoor and outdoor settings.

Detailed Salesperson

A salesperson who emphasizes providing thorough information and explanations about products or services, ensuring customers have all the details they need to make informed decisions.

Service Salesperson

An individual who sells intangible products or services, focusing on meeting the needs and solving the problems of customers.