Multiple Choice
A PA recently finished the audit of a family-owned business.Now she is working on a large client with about 50 times the assets and 30 times total revenue.For the larger client,the PA will likely have
A) no changes to the audit risk model.
B) higher control risk.
C) higher acceptable audit risk.
D) lower acceptable audit risk.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: As the effectiveness of internal control increases,what
Q7: As per CAS 240,when an auditor inquires
Q8: Fraud risk factors are examples of factors
Q9: PA is auditing a client where the
Q10: Which of the following would be a
Q12: An inherent risk (IR)of 40% and a
Q13: If from last year to the current
Q14: The audit risk model is used primarily<br>A)for
Q15: All other factors held constant,if the auditor
Q16: PA is comparing the liabilities section of