Multiple Choice
When analyzing a client's performance measurement system,
A) ratio analysis and benchmarking against key competitors are utilized.
B) only income statement numbers are used.
C) inherent risk of financial statement misstatements may be decreased if the performance measurement system encourages aggressive accounting.
D) the auditor is likely to decrease the extent of testing if the client has set unreasonable objectives.
Correct Answer:
Verified
Correct Answer:
Verified
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