Question 4
Audit risk represents the risk that
a)Auditors will issue an adverse audit report, when in...
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Accounting
Question 4
Audit risk represents the risk that
a)Auditors will issue an adverse audit report, when in fact,they should have issued an unqualified opinion
b)Auditors will give an opinion that the financial statementsare not fairly stated, when in fact, they were fairly stated
c)Auditors will give an opinion that the financial statementsare fairly stated, when in fact, they were materially misstated
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4.3 Ratings (905 Votes)
In my view audit risk is when an auditor gives his opinion as Financial statements are fairly stated when there is materially misstated Auditors should be able to find out the
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