Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are testing fixed assets for a public software company. You assess inherent risk as low. Provide the best possible option of control and detection
You are testing fixed assets for a public software company. You assess inherent risk as low. Provide the best possible option of control and detection risk assessment to minimize overall test work for the partner on the engagemeht and why. She wants them expressed as numerical risks, where high risk = 1, moderate risk - 6 to 4, low risk - 25 to 2 and very low risk - 1 to .05. You are testing fixed assets for a public software company. You assess inherent risk as low. Provide the best possible option of control and detection risk assessment to minimize overall test work for the partner on the engagemeht and why. She wants them expressed as numerical risks, where high risk = 1, moderate risk - 6 to 4, low risk - 25 to 2 and very low risk - 1 to .05
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started