Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. match each scenario with the appropriate type of r

Match each scenario with the appropriate type of risk it represents ...

70.2K

Verified Solution

Question

Accounting

Match each scenario with the appropriate type of risk it represents
Group of answer choices:

The auditor arrives at an incorrect conclusion based on evidence provided by client

 Detection risk Inherent risk Audit risk Control risk

Payments have been made without proper approval.

 Detection risk Inherent risk Audit risk Control risk

Auditors have skipped a key substantive audit procedure.

 Detection risk Inherent risk Audit risk Control risk

The same person who writes checks also signs them.

 Detection risk Inherent risk Audit risk Control risk

Technological developments make a major product obsolete

 Detection risk Inherent risk Audit risk Control risk

The client has missed a significant debt payment.

 Detection risk Inherent risk Audit risk Control risk

The client does not have enough money to continue paying employees

 Detection risk Inherent risk Audit risk Control risk

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

CHOOSE THE ANSWER 1- Actions such as hate crimes or kicking someone out of your business because...

Psychology
Q

A block slides down a frictionless inclined ramp. If the ramp angle is 26° and its...

Physics
Q

To pass a course with a C grade, a student must have an average of...

Basic Math
Q

Jill is a salesperson who needs to visit towns A, B, and C. On the...

Basic Math
Q

The pie chart to the right shows how adults rate their financial shape Suppose 18...

Statistics
Q

Find the integral xdx 7x 73 Option A 7x 3 B C 7x 3 C...

Calculus
Q

Determine whether the series converges, and if so find its sum.?? k=1 1/k(k+1) = ________

Calculus
Q

A newspaper article claimed that a new medication doubled the probability ofsuccessful treatment compared to...

Algebra
Q

Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying...

Accounting
Q

3. A fixed rate of is payable on debentures A. O dividend B. O Commission...

Accounting
Q

Consider the methods discussed in Chapter 7: Delivering Bad News Messages in BCOM9 (pages 116-136)....

Accounting
Q

How to explain the motivation for IPO is to establish a market price/value for our...

Finance