0
Add your answer:
Earn +20 pts
What are your views about the risks of fraud in the entity?
When there is no audit in place
What is the meaning of financial statement level risk?
Financial statement level risks are risks of materials misstatement of the financial statements. These are the same for both audit of financial statements and audit of internal control.
What types of risks are inherent in a project?
Some risks that are inherent in projects include: delayed completion, over priced projects and the possibility of employees failing to work as a team. Project managers must consider all these risks and develop plans to overcome them.
What are the dangers of abdominal surgery?
With any type of surgery there are risks. Infection is always a possibility as is the chance of a nerve being damaged. Anesthesia has inherent risks as well.
What risks are inherent in a gym?
In a gym there are always risks of accidents. It is also important to eat healthy before exercising. This way you will avoid the risk of getting sick at the gym.
When risks of material misstatement due to fraud are identified how should auditors adjust their audit approach?
meaning of material misstatement
What are the risks of skin grafting?
The risks of skin grafting include those inherent in any surgical procedure that involves anesthesia. These include reactions to the medications, problems breathing, bleeding, and infection.
What are the advantages and disadvantages of bank guarantee?
Economical: bank guarantees are quite cost-saving as compared with bank loansSafe: reduction of risks inherent in transaction
What risks are there when using a cloud management program?
Using any program without complete knowledge of it's capabilities comes with inherent risks. However, I do believe that using cloud management in your business wouldn't risk an awful lot.
What risks did Amelia Earhart have to take?
In those days risks were inherent every time you flew. Amelia took many long flights in single engine aircraft, crossed many miles of ocean and was often very close to her fuel limits.
Can I continue my living room wood floor into my kitchen?
Yes, however there are inherent risks when using hardwood floors. They are not a durable as other materials and susceptible to water damage.
Can you claim losses in mutual funds?
No. Investing in Mutual funds comes with its inherent risks. When you invest in a scheme it means you accepted to take care of your finances in case of losses.
