Audit risk is determined by all of the following except

Audit risk is determined by all of the following except Correct Answer Tolerance rish

In terms of scores,we have : V > P, P > Q i,e. V > P > Q If R scores the highest,we have R >.........> T If S scores the highest,we have S >...........> Q or S >...........> U If R is ranked second, S will rank first and Q and U lowest. But Q ranks fifth.So U ranks lowest. Also the order V > P > Q will be followed. So,the arrangement will be S > R > V > Q > ? >U. Thus, the sixth place will be occupied by T.
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Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: The Department of Telecommunications (DoT) is set to conduct ‘special audits’ of mobile phone operators from fiscal 2011-12 onwards to check for under-reporting of revenue that might account for a sharp downturn in license fees and spectrum usage charges (SUC). Annual license fees and SUC paid to the government are calculated based on a telco’s revenue. The audit, to be resumed after a gap of three years, comes when license fee and SUC due to the government fell in 2017 by more than 23% on the year and is expected to fall this year too. This is due to the brutal price war, which expedited a bloody consolidation that saw a spate of exits and mergers & acquisitions that dented telecom revenues.  Courses of action: I. All telecom companies will be audited soon and DoT is preparing for this. This will be the third audit and notices will go out soon. II. DoT proposes to conduct audit/special audit of Aircel for the period of seven years for financial years 2011-2012 to 2017-2018. III. Operators fear the new round of audit could lead to a new dues being demanded from the already stressed sector, sparking more litigation and be a drag on time and resources. 
Choose the correct code for the following statements being correct or incorrect. Statement I : When the two securities returns are perfectly positively correlated, the risk of their portfolio is just a weighted average of the individual risks of the securities. In such case, diversification does not provide risk reduction but only risk averaging. Statement II : Total risk of a portfolio of two risk securities can be completely eliminated when their returns are perfectly negatively correlated and their proportionate holdings in the portfolio are inversely related to the relative individual risks of the securities. 
You are the administrator of a Windows 2000 Server computer. You configure the server to audit all access to files that are places in shared folders. One week after you configured the server, users report that the server has stopped responding. You investigate the problem and discover a stop error with the error message: Stop C0000244 (Audit Failed) An attempt to generate a security audit failed. You restart the computer. You need to ensure that you can keep a record of all files access on the server. You also need to ensure that the stop error will not occur again.
Consider the following elements:
1. Scope of audit
2. Validity of appointment
3. Knowledge about business
4. Instruction to client
5. Division of work among audit clerks
The correct sequence of these elements for the commencement of a new audit will be
Statement I: Energy audit is an indepth check of the amount of energy being utilised.
Statement II: Energy audit includes general and preliminary audit.
Statement I: Management audit is a part of financial audit.
Statement II: Management audit is not compulsory under any law.
Given below are two statements 1 and 2, and two conclusions I and II. Statement 1: All entrepreneurs are wealthy. Statement 2: All wealthy are risk seekers. Conclusion I: All risk seekers are wealthy. Conclusion II: Only some entrepreneurs are risk seekers. Based on the above statements and conclusions, which one of the following options is CORRECT? 
Match List I with List II: List I List II (A) Market risk (I) Associated with the efficiency with which a firm conducts its operations within the broader environment imposed upon it. (B) Financial risk (II) Arises due to change in operating conditions caused by conditions thrust upon the firm which are beyond its control. (C) External business risk (III) Variations in price sparked off due to real, social, political and economic events. (D) Internal business risk (IV) Associated with the capital structure of a firm. Choose the correct answer from the options given below:
The main components of market risk are a) Liquidity risk b) Interest rate risk c) Currency risk
Statement I: Safety audit is a risk management tools.
Statement II: Management audit is a part of traditional auditing.