Author Question: A measure of how willing the auditor is to accept that the financial statements may be materially ... (Read 112 times)

april 19 · **on:** Aug 21, 2022

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.

ahardin89 · **Reply #1 on:** Aug 21, 2022

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