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Author Question: A measure of how willing the auditor is to accept that the financial statements may be materially ... (Read 160 times)

april 19

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Question 1

________ is the risk that the financial statements contain a material misstatement due to fraud or error prior to the audit.
◦ Inherent risk
◦ Client business risk
◦ Acceptable audit risk
◦ Risk of material misstatement

Question 2

A measure of how willing the auditor is to accept that the financial statements may be materially misstated after the audit is completed and an unqualified opinion has been issued is the
◦ inherent risk.
◦ acceptable audit risk.
◦ statistical risk.
◦ financial risk.


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Marked as best answer by april 19 on Aug 21, 2022

ahardin89

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april 19

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Reply 2 on: Aug 21, 2022
Gracias!


Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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