Which of the following statements does not illustrate the concept of inherent business risk? a. Cash is

Question:

Which of the following statements does not illustrate the concept of inherent business risk?
a. Cash is more susceptible to theft than an inventory of sheet metal.
b. A broken lock on a security gate allows employees to access a restricted area that they are not authorized to enter.
c. Transactions involving complex calculations are more likely to be misstated than transactions involving simple calculations.
d. Technological developments might make a particular product obsolete.

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

Step by Step Answer:

Related Book For  book-img-for-question

Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

Question Posted: