When the Assessment of Inherent and Control Risk Is Low

question 7

Multiple Choice

When the assessment of inherent and control risk is low:

• A)there are lots of controls that have been tested and found to be effective.
• B)the level of substantive procedures is limited.
• C)Both a and b
• D)None of the above

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Definitions:

Causes

The reasons or explanations behind an event, situation, or condition's occurrence.

White-Collar Criminals

Individuals who commit non-violent crimes for financial gain, often within their employment or financial sectors.

Blue-Collar Criminals

Individuals who commit crimes related to their manual labor occupations or economic status, contrasting with white-collar crimes committed by those in higher socioeconomic positions.

Lighter Sentences

The imposition of penalties or sentences that are perceived as less severe or lenient than what could be expected given the nature of the crime.