Question
Melroy has audited Ted Trucking Co. for the last 6 years and noted that the client has an effective control environment. However, this year the
Melroy has audited Ted Trucking Co. for the last 6 years and noted that the client has an effective control environment. However, this year the trucking company is under so much stress with low revenues and has laid off a few employees. With revenue as a high-risk category, how would Melroy lead his team in revenue testing?
Select answer from the options below
More involvement with revenue testing.
Assess inherent risk at the maximum level for revenue so more transactions are verified.
Provide less supervision in the work of revenue testing.
Less involvement with revenue testing
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