Question

Which of the following characteristics would lead theauditor to assess inherent risk relating to financial reporting at a higher level?a. The account balance represents an asset that is relatively easily stolen.b. The controls over the account balance are weak.c. The company has a history of exactly meeting analyst estimates.d. The company is in an industry that is mature and declining.

Answer 1

Answer:

C. The company has a history of exactly meeting analyst estimates.