Auditors frequently refer to the termsaudit assurance, overall assurance, andlevel of assurance to refer toDetection riskO Audit report riskAcceptable audit riskO Inherent risk

Audit risk is the risk that an auditor express an inappropriate audit opinion when the financial…

Answered: Auditors frequently refer to the terms…

Auditors frequently refer to the terms audit assurance, overall assurance, and level of assurance to refer to O Detection risk O Audit report risk O Acceptable audit risk O Inherent risk

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 21CYBK

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Question

Auditors frequently refer to the terms
audit assurance, overall assurance, and
level of assurance to refer to
Detection risk
O Audit report risk
Acceptable audit risk
O Inherent risk

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