A PA is working on the audit of a publicly held corporation.At what level will the acceptable auditor likely set audit risk?
A)low
B)medium
C)high
D)very high

Question

Quizplus · Accepted Answer

Audit risk for a publicly held corporation is typically set at a low level to ensure that the financial statements are free from material misstatement, given the significant public interest in these entities.

A PA Is Working on the Audit of a Publicly