A Client's Corporate Governance Structure Is Assessed During the Risk

question 3

True/False

A client's corporate governance structure is assessed during the risk assessment phase of an audit.

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Definitions:

Specific

Clearly defined or identified; distinct from others or from the general case.

External

Related to, situated on, or derived from the outside of something or someone, often considered in relation to external influences or environments.

Internal

pertains to occurring or existing within the limits or boundaries of something; often referring to processes or features within an organization or an individual.

Unstable

Lacking consistency or predictability in state, structure, or behavior, leading to unpredictability.