While performing preliminary analytical procedures, you note that the client's industry is more stable this...
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Accounting
While performing preliminary analytical procedures, you note that the client's industry is more stable this year versus last year and that the current years profitability level is in line with the industry average. All else being held constant, which of the following is most likely true?
Inherent risk is higher this year
Inherent risk is lower this year
Control risk is higher this year
Control risk is lower this year
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