Audit risk is the risk that the auditor will be sued by the client because of fraudulent actions.

Name: Audit risk is the risk that the auditor will be sued by the client because of fraudulent actions.
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Quizplus · Accepted Answer

Audit risk is the risk that the auditor will issue an incorrect or misleading opinion on the financial statements. It does not necessarily relate to the potential for the auditor to be sued by the client due to fraudulent actions.

Audit Risk Is the Risk That the Auditor Will Be