Which of the following factors is not an example of a risk relevant to the client continuance

Question:

Which of the following factors is not an example of a risk relevant to the client continuance decision?

a. Client entity characteristics

b. Independence risk factors

c. Third-party/due-diligence risk factors

d. Advocacy threat

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

See More Books

Question Posted: Sep 18, 2023 05:52 AM

See More Questions

MULTIPLE-CHOICE QUESTIONS 1. Which of the following statements is false concerning engagement quality reviews? a. The purpose of the engagement quality review is to provide reasonable assurance that...
1. The SEC has issued independence rules that differ from the AICPA's in all of the following areas except: (Points : 1) Working paper documentation. Provision of other professional services. Human...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
The Black Sheep Inc.'s call option has the following characteristics: Exercise price of The Black Sheep Inc.'s call option ($) 75 Annualized risk-free rate 4.5% Time to the expiration of the options...
Look again at the project cash flows in Problem 10. Calculate the modified IRR as defined in Footnote 4 in Section 5.3. Assume the cost of capital is 12%. Now try the following variation on the MIRR...
The settlement option providing a life income with cash or installment refund seems too good to be true.How can the insurance company agree to pay for as long as the beneficiary-annuitant lives and...
Why is it important to determine activity sequencing on projects? Discuss diagrams you have seen that are similar to network diagrams. Describe their similarities and differences. LO.1
Consider the business event processing activity, entering a customers order. Identify the key business event data ( who, what, where, and when) you would want to capture.
this is the whole question 4. Assuming that total dividends declared in 2001 were $45,000, that the cumulative preferred shares were issued on January 1, 2000, and that $10,000 of preferred dividends...
A. Ray and Maria Gomez have been married for 3 years. Ray is a propane salesman for Palm Oil Corporation and Maria works as a city clerk for the City of McAllen. Rays birthdate is February 21, 1990...
Data science is an interdisciplinary field about scientific methods, processes, and information systems that aims to help users gain insights from complex and often unstructured data. (True/False).
With regard to client acceptance/continuance decisions, which of the following is false? a. Client acceptance/continuance decisions are one part of the audit firms overall portfolio management...
For the following exercises, use any method to solve the nonlinear system. x - y = 9 x=3
Obtain the phase trajectories for a system governed by the equation \[\ddot{x}+0.4 \dot{x}+0.8 x=0\] with the initial conditions $x(0)=2$ and $\dot{x}(0)=1$ using the method of isoclines.
Indicate whether each of the following accounts normally has a debit balance or a credit balance. a. Land b. Dividends c. Accounts Payable d. Unearned Revenue e. Consulting Revenue f. Salaries...
Indicate whether each of the following accounts normally has a debit or credit balance. a. Common Stock b. Retained Earnings c. Land d. Accounts Receivable e. Insurance Expense f. Cash g. Dividends...
Match each of the items in the left column with the LO5, 6 appropriate annual report component from the right column: 1. The company's total liabilities 2. The sources of cash during the period 3. An...
Allegra Company has sales of $$167,000$ and a bicak-even sales point of $$123,000$. Compute Allegra s margin of safety and its margin of safety ratio.
Use an online site to determine how many senators are on the Senate Finance Committee. Who is the chair of the Finance Committee?
We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...
MULTIPLE-CHOICE QUESTIONS 1. Which of the following statements is false regarding preliminary analytical procedures in the revenue cycle? a. Since revenue is typically regarded as a high-risk...
Refer to Exhibit. Which accounts are typically affected by transactions in the revenue cycle? Identify the relationships among them.
For accounts receivable, what are the more relevant assertions? Why should an auditor identify which assertions are more relevant?
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would...
I need help finding the callable price and call value
On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000

Which of the following factors is not an example of a risk relevant to the client continuance

Question:

Step by Step Answer:

d A...View the full answer

Auditing A Risk Based Approach

Students also viewed these Business questions