Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 7, Problem 4TFQ
To determine

Introduction: When there is a material misstatement in the financial statements due to errors and manipulations done, there is a risk that the auditor will provide an incorrect audit opinion this is known as audit risk. This arises due to the reason that the auditor will not be able to understand the errors and miscalculations and hence produce incorrect opinions.

To choose:Whether the statement is true or false

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