Auditors may be inclined to accept client representations because of a natural bias to want <span>to trust the client.
Before doing the auditing process, auditor usually receive a small briefing from the management team on the financial system that they use in recording their transactions. </span>If these allowances had been used in the past the auditor<span> may have been inclined to accept them as regular business practices</span>
Answer:
Pure risk
Explanation:
To the best of knowledge, will it is a situation one finds him/herself in and doesn't know how to solve the issue but has only one possible outcome if it truly happens; which could be danger.
Answer:
The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival
Explanation:
The cost of opportunity is the alternative that you sacrifice when you choose an option. It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.
In this case, the cost of opportunity is the benefit that could have been received at the street festival, because that is the option you leave behind.
Earning a high score on your midterm is the product of your decision
