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zloy xaker [14]
4 years ago
6

Inherent risk is present in organizations at which of the following levels?a. At the assertion level.b. At the financial stateme

nt level in terms of business risk relating to operations.c. At the financial statement level in terms of financial reporting.d. All of the above.
Business
1 answer:
KIM [24]4 years ago
7 0

Answer:

Letter d is correct.<em> All of the above</em>

Explanation:

<u>Inherent risk</u> is any irregular hypothetical situation that could compromise organizational activities. In the above question all alternatives are correct because the inherent risk can affect any level of a company.

At the assertion level the inherent risk arises from the vulnerability of a statement to transactions, book balances and disclosures. This consequently also influences the level of financial risk statements related to operations and the level of financial statements in terms of financial reporting. The inherent risk is associated with the nature of a calculation and all the facts that may influence it, so it may be higher for more complex accounts and accounts subject to an uncertain estimate.

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Explanation:

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The relationship between basic science and applied science (which is its opposite concept) is crucial for the interrelationship called "research and development" (R&D) or "research, development and innovation" (R&D), object of the studies of science, technology and society (STS).

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Answer:

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Explanation:

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The above question is incorrect, the correct question is:

Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a _________.

To know more about Contingency here

brainly.com/question/29816313

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