Which of the following is least likely to be considered a financial statement audit risk factor?    Management operating and financing decisions are dominated by top management, A new client with no prior audit history, Rate of change in the entity's industry is rapid, Profitability of the entity relative to its industry is inconsistent

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 3CYBK: Which of the following are affected by the quality of an organization’s internal controls? a....
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Which of the following is least likely to be considered a financial statement audit risk factor?    Management operating and financing decisions are dominated by top management, A new client with no prior audit history, Rate of change in the entity's industry is rapid, Profitability of the entity relative to its industry is inconsistent

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