By Assessing Control Risk as High,an Auditor Has Determined That

question 3

Multiple Choice

By assessing control risk as high,an auditor has determined that their client's system of internal controls:

• A)Is very effective at preventing or detecting material misstatements.
• B)Is very strong.
• C)Will eliminate the possibility of material fraud or error.
• D)Is unlikely to be effective in mitigating inherent risks identified.

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Definitions:

Clozaril

A brand name for clozapine, an antipsychotic medication used primarily to treat severe schizophrenia after other treatments have failed.

Benzodiazepine

Benzodiazepine is a class of psychoactive drugs known for their use in treating anxiety, insomnia, and a range of other conditions, acting as central nervous system depressants.

Rebound Effects

The phenomenon where symptoms return, often stronger, after the discontinuation of a treatment.

Excessive Worry

A state of mind where an individual experiences persistent and overwhelming anxiety and concern over matters, often disproportionate to their actual impact or probability.