Which of the following is not an example of inherent risk:

Select one:

a. highly regulated organization

b. complex business transactions

c. a company releases forward-looking financial statements.

d. high sales turnover

Which of the following analytical procedures are the best at the end of an audit?

Select one:

a. to test for internal control weakness.

b. to test for big capital expenditures.

c. to test for significant unpaid debts.

d. to test of unethical management actions.

Generally a larger sample size means you collect ------------and have greater ---------concerning the item or entity you are auditing hence you are more confident about the accuracy of your conclusion on whether it is or is not misstated.

Select one:

a. evidence, assurance

b. proof, uncertainty

c. invoices, faith

d. documents, confidence