Control Risk That Is Assessed Excessively High Leads To

question 19

Multiple Choice

Control risk that is assessed excessively high leads to:

• A)audit inefficiency.
• B)a less expensive audit.
• C)reduction of substantive testing.
• D)errors that are more likely to occur than anticipated.

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Definitions:

Price Supports

Government interventions to maintain the market price of a commodity or product at a certain minimum level to protect producers.

Environmental Pollution

The contamination of the natural environment by harmful substances or energies.

Marginal Land

Land that yields minimal profit from agricultural or another use, and its cultivation is often not considered worth the effort under normal circumstances.

Import Quotas

Limits set by governments on the quantity of a specific good that can be imported into a country within a given timeframe.