Audit risk is the risk that a client's system of internal controls will not prevent or detect a material misstatement.

Name: Audit risk is the risk that a client's system of internal controls will not prevent or detect a material misstatement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Audit risk is the risk that an auditor may issue an unqualified opinion on financial statements that contain a material misstatement, not the risk related to a client's internal controls.

Audit Risk Is the Risk That a Client's System of Internal