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Audit risk Search

November 14, 2018

Accounting Bestsellers
Accountants' Guidebook
Audit risk is the risk that an auditor will not detect errors or fraud while
Accounting Controls Guidebook
examining the financial statements of a client. Auditors can increase the Accounting for Casinos & Gaming
number of audit procedures in order to reduce the level of audit risk. Accounting for Inventory
Reducing audit risk to a modest level is a key part of the audit function, since Accounting for Managers
Accounting Information Systems
the users of financial statements are relying upon the assurances of auditors
Accounting Procedures Guidebook
when they read the financial statements of an organization.
Agricultural Accounting
Bookkeeping Guidebook
The three types of audit risk are as follows: Budgeting
CFO Guidebook
Closing the Books
• Control risk. This is the risk that potential material misstatements would
Construction Accounting
not be detected or prevented by a client's control systems.
Cost Accounting Fundamentals
• Detection risk. This is the risk that the audit procedures used are not Cost Accounting Textbook
Credit & Collections
capable of detecting a material misstatement.
Fixed Asset Accounting
• Inherent risk. This is the risk that a client's financial statements are Fraud Examination
susceptible to material misstatements. GAAP Guidebook
Governmental Accounting
Health Care Accounting
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Hospitality Accounting
IFRS Guidebook
Guide to Audit Sampling Lean Accounting Guidebook
How to Conduct an Audit Engagement New Controller Guidebook
Nonprofit Accounting
Oil & Gas Accounting