Which of the following characteristics would lead theauditor to assess inherent risk relating to financial reporting at a higher level? a. the account balance represents an asset that is relatively easily stolen. b. the controls over the account balance are weak. c. the company has a history of exactly meeting analyst estimates. d. the company is in an industry that is mature and declining.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers