Risk is pervasive to the audit process.An overview of the risk process associated with an audit includes all of the following risks except which one?

Question

Quizplus · Accepted Answer

The overview of the risk process associated with an audit typically includes audit risk, engagement risk, and business risk. Economic risk, while a relevant concept in finance and economics, is not typically considered a specific risk factor in the context of auditing.

Risk Is Pervasive to the Audit Process