Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following situations would increase a

Which of the following situations would INCREASE a clients assessed inherent risk? Select one: a....

80.2K

Verified Solution

Question

Accounting

Which of the following situations would INCREASE a clients assessed inherent risk?

Select one:

a.

The client operates in the technological sector with major competitors continually launching newer, more innovative products.

b.

The clients largest shareholder is a private company with a diverse investment portfolio.

c.

The client has a well-resourced internal audit function that undertakes operational and financial report audits.

d.

The client has removed the requirement for credit checks to be performed on new customers to expand its market share.

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

Chemistry
1.2K views

An equilibrium mixture of PCl5(g), PCl3(g), and Cl2(g) has partial pressures of 217.0 Torr, 13.2 Torr,...

Biology
1.2K views

17.    You bring a sample of flies from a natural population into the laboratory and begin selecting...

Biology
1.2K views

Question 4 A particle of light is termed proton O True O False

Basic Math
1.2K views

Jenny is at the grand opening celebration of a supermarket She spins a wheel with...

Algebra
1.2K views

A scientist needs 5 6 liters of a 17 alcohol solution She has available a...

Accounting
1.2K views

Six equal annual contributions are made to a fund, with the first...

Accounting
1.2K views

Computing Depreciation for Partial Years is to record depreciation for the portion of the year...

Accounting
1.2K views

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: ...

Accounting
1.2K views

Minden Co. has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000, inventory: $90,000), and...

Accounting
1.2K views

Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total...

Accounting
1.2K views

31. The available capital funds are to be carefully allocated among competing projects by careful...

Accounting
1.2K views

Based on the case, the 80% debt ratio (book value) would result in $1,272,700,000 in...