Question
Which of the following situations would INCREASE a clients assessed inherent risk? Question 6Select one: a. The client has removed the requirement for credit checks
Which of the following situations would INCREASE a clients assessed inherent risk?
Question 6Select one:
a.
The client has removed the requirement for credit checks to be performed on new customers to expand its market share.
b.
The client has a well-resourced internal audit function that undertakes operational and financial report audits.
c.
The clients largest shareholder is a private company with a diverse investment portfolio.
d.
The client operates in the technological sector with major competitors continually launching newer, more innovative products.
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