ACP AUDITING - RISK BASED APPROACH
ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
Question
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Chapter 7, Problem 5TFQ
To determine

Introduction: Inherent risks are the risks due to factors which are beyond the internal control of the organization. These risks arise in situations where there is a lot of subjectivity, judgment and estimation. Hence, inherent risks include factors which could threaten the fundamental financial viability of the organization.

To choose: Whether the statement is true or false.

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