FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 54 (4 points) In any information system, the risk that problems (errors or fraud) will not be prevented, detected, or corrected by the existing

image text in transcribed
Question 54 (4 points) In any information system, the risk that problems (errors or fraud) will not be prevented, detected, or corrected by the existing internal controls is called: Inherent risk Control risk Residual risk Systems risk None of the other answers are correct Previous Page Next Page Page 54 of 72

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Future Of Auditing

The Future Of Auditing

Authors: David Hay

1st Edition

1138477087, 9781138477087

More Books

Students also viewed these Accounting questions

Question

★★★★★
Which incentives do managers have to act in the stockholder's interest? Name two and explain each in one or two sentences.

Answered: 1 week ago

Question

★★★★★
Data for Mazor Company are presented in P12-3A. Instructions Prepare the operating activities section of the statement of cash flows using the direct method.

Answered: 1 week ago

Question

★★★★★
What would be the output produced from the following statements? int aValue = 1; do { aValue++; Write(aValue++); } while (aValue Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity...

Answered: 1 week ago

Question

★★★★★
Bonita Company produces flash drives for computers, which it sells for $ 2 0 each. The variable cost for each flash drive is $ 4 . During April, 7 8 0 drives were sold. Fixed costs for April were $ 2...

Answered: 1 week ago

Question

★★★★★
The number of absorption bands in [3 (Co ( en] ) are: a (2) b- (4) (1) d- (3) C-

Answered: 1 week ago

Question

★★★★★
Grocery Inc. (Grocery or the Company), an SEC registrant, is a wholesale grocery distributor and retailer in the United States. One of the Companys core businesses is distributing grocery products to...

Answered: 1 week ago

Question

★★★★★
Two identical springs hang from the ceiling, while a 4.0 kg block is attached to the end of the springs, as shown in the diagram. The spring constant is equal to: 0 20 40 60 80 2468 cm 4 kg

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.] Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow....

Answered: 1 week ago

Question

★★★★★
Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 120,000 cases at a budgeted price of $60...

Answered: 1 week ago

Question

★★★★★
Mesa Solutions needs 300 units of aluminum panels each week for its sign-making business. The carrying/holding cost per unit per year is $20 and the fixed ordering cost is $900. What is the optimal...

Answered: 1 week ago

Question

★★★★★
4.39 A company installs new central-heating furnaces and has found that for 15% of all installations, a return visit is needed to make some modifications. Six installations were made in a particular...

Answered: 1 week ago

Question

★★★★★
4.33 For a binomial probability distribution with P = 0.4 and n = 20, find the probability that the number of successes is equal to 9 and the probability that the number of successes is fewer than 7.

Answered: 1 week ago

Question

★★★★★
4.31 For a binomial probability distribution with P = 0.5 and n = 12, find the probability that the number of successes is equal to 7 and the probability that the number of successes is fewer than 6.

Answered: 1 week ago

Previous Question Next Question