Title: Which is a true statement about audit risk? Post by: jason23 on Jul 24, 2022 Which is a true statement about audit risk?
▸ Audit risk measures the risk that a material misstatement could occur and not be detected by internal control. ▸ When auditors decide on a higher acceptable audit risk, they want to be more certain that the financial statements are not materially misstated. ▸ Audit assurance is the complement of acceptable audit risk. ▸ There is an inverse relationship between acceptable audit risk and planned detection risk. Title: Which is a true statement about audit risk? Post by: London on Jul 24, 2022 Content hidden
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