Managers utilize the adjusted-allocation rate approach because it restates all overhead entries in the general ledger and subsidiary ledgers using actual cost rates rather than budged cost rates

The primary motive behind companies engaging in diversity management is to improve business

Indicate whether the statement is true or false

In a financial statement audit, inherent risk is evaluated to help an auditor asses which of the following?

A) the internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee B) the risk the internal control system will not detect a material misstatement of a financial statement assertion C) the risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion D) the susceptibility of a financial statement assertion to a material misstatement assuming there are no related controls