Audit risk only applies to auditors who audit public companies.

Name: Audit risk only applies to auditors who audit public companies.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Audit risk is applicable to all types of audits, whether it is of a public company, privately owned company or a nonprofit organization. Therefore, audit risk does not only apply to auditors who audit public companies but to all certified public accountants (CPAs) involved in auditing.

Audit Risk Only Applies to Auditors Who Audit Public Companies