If Inherent Risk Is High and No Assurance Has Been

question 14

Multiple Choice

If inherent risk is high and no assurance has been obtained from controls testing,

• A) only overall analytical review procedures need to be performed to reduce detection risk to an acceptable level.
• B) no further substantive testing needs to be performed.
• C) extensive substantive procedures need to be performed to estimate the dollar value of any error in the account balance.
• D) none of the above

---

Definitions:

Civic Responsibility

The duties, obligations, and functions that citizens are expected to undertake in order to contribute positively to the welfare of their community and country.

Economic Inequalities

The unequal distribution of wealth, income, and access to resources among people, groups, or countries.

Segregation

The enforced separation of different racial groups in a country, community, or establishment, which can be legal or social.

Ku Klux Klan

A white supremacist hate group in the United States that has promoted racism, anti-Semitism, and violence against groups it opposes.