A key factor in choosing a software vendor will be the extent to which the ________ match the functionality of the ERP software

Argyle Designs, Inc. has entered into a contract to design 40 new dresses for a customer. It will collect a total of $40,000 after the design services are complete. Argyle started design work on June 1. As of June 30, it finished 8 of the 40 designs

The company will make an adjusting entry at the end of June to accrue $10,000 of service revenue. Indicate whether the statement is true or false

Which of the following risks results when the auditor uses an insufficient test procedure, resulting in the auditor's ill-informed conclusion that material errors do not exist, when, in fact, they do?

A. Business risk B. Detection risk C. Audit risk D. Inherent risk