Business Risk – Knowsia

AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

Question

Which one of the following is an internal business risk?

A A new competitor in the market

B Insolvency of a customer

C Poor working capital control

D Suppliers demanding tighter credit terms

Answer

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Tags: Business Risk, ICAG, Internal Risk, Working Capital
Level: Level 3

Topic: The audit approach

AAA – L3 – SA – Q2.5 – Audit Strategies

Identifying non-audit strategy.

Question

Which of the following is NOT an audit strategy?
A Substantive approach
B Directional testing approach
C Statement of financial position approach
D Business risk approach

Answer

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Tags: Audit Strategy, Business Risk, ICAG, Substantive Approach
Level: Level 3

Topic: The audit approach

Tag (SQ): Business Risk

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AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

AAA – L3 – SA – Q2.5 – Audit Strategies

Identifying non-audit strategy.

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Tag (SQ): Business Risk

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AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

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AAA – L3 – SA – Q2.5 – Audit Strategies

Identifying non-audit strategy.

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