If the client is in an industry with a minimal change, and involves non-complex transactions...
60.1K
Verified Solution
Link Copied!
Question
Accounting
If the client is in an industry with a minimal change, and involves non-complex transactions and the results from the tests of controls show the internal control is not effective at preventing and/or detecting material misstatements, auditors will conclude that Inherent risk is-------and control risk is--------. (Pick the choice which best fills in the missing words) high; high low; high high; low low; low
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: Zin AI - Your personal assistant for all your inquiries!