Economics · Auditing
The identification within a client company of financial problems, a dominant chief executive, poor internal control, unusual transactions, or a high-technology environment, are all indicative of:
- 1The presence of going concern problems
- 2Inadequacies in the systems of reporting
- 3A higher than normal risk audit✓
- 4Increased scope for potential fraud
Correct answer
A higher than normal risk audit
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