Oakland Hills (OH) is a ski resort, and the revenue they report each year is greatly affected

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Oakland Hills (OH) is a ski resort, and the revenue they report each year is greatly affected by the temperature and snowfall in the winter months. The variation in revenues from year to year is difficult for management, as their bonus is based on increasing income year over year. This situation best describes which kind of risk?

a. Audit risk

b. Inherent risk

c. Control risk

d. Detection risk

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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