Inherent Risk and Control Risk Are Often Evaluated Together,because _____

question 11

Multiple Choice

Inherent risk and control risk are often evaluated together,because _____.

• A)They are essentially the same.
• B)They are interrelated,as internal controls are typically developed in response to assessed inherent risks.
• C)Both are inversely related to the amount of substantive testing performed.
• D)Gathering Neither risk can be mitigated by the auditor.

Examine the growth in consumption habits and the responses to social problems associated with them.

Understand the legal and political struggles for racial equality and impacts on civil rights.

Analyze the role and impact of progressive leaders and reformers on American society.

Evaluate the consequences of environmental exploitation and conservation efforts.

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Definitions:

Customers

Individuals or entities that purchase goods or services from a business or organization.

Suppliers

Entities that provide goods or services to another entity, typically a company, for production, resale, or use in operations.

Organization Design

Organizing an entity's roles, duties, and mechanisms in a manner that effectively accomplishes its objectives and strategic plan.

Environmental Factors

External elements such as climate, geography, and natural resources that affect individuals, businesses, and societies.