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Which likely to increase assessment of an identified risk

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Reference no: EM132650544

Question 1: The chief audit executive (CAE) performs a risk assessment before developing the annual audit plan. Which of the following is most likely to increase the assessment of an identified risk?

Option 1: An immaterial, anticipated drop in cash flow after plant closings.

Option 2: A request from senior management to review the strategic plan.

Option 3: An unexpected, significant increase in receivables not related to an increase in sales.

Option 4: A critical activity had not been subject to a compliance audit during the past year.

Reference no: EM132650544

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