Audit risk is the auditor's exposure to loss or injury of his or her reputation from events arising in connection with financial statements audited.

Name: Audit risk is the auditor's exposure to loss or injury of his or her reputation from events arising in connection with financial statements audited.
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Quizplus · Accepted Answer

Audit risk refers to the risk that an auditor may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated, not the risk to their reputation.

Audit Risk Is the Auditor's Exposure to Loss or Injury