alleryStart learning →Audit risk is the risk that the auditor does what?
AGives a wrong opinion
BMisses a deadline
CCharges too low a fee
DLoses a signed letter
Answer & Solution
Correct answer: A. Gives a wrong opinion
Audit risk is the chance of an inappropriate opinion when the financial statements are materially misstated.
Keep practising Audit Strategy, Planning and Programme
Browse all Audit Strategy, Planning and Programme questions for CA Inter, or explore more Auditing topics.
Related questions
In India, secretarial auditors are members of which institute?An external auditor, though paid by the company, should be regarded as what?An audit provides only what level of assurance that statements are free from error?Audit data analytics lets the auditor examine what?A third party's reply to the auditor about an assertion is which procedure?Watching an employee count products in a warehouse is which procedure?The higher the risk of material misstatement, the more evidence the auditor should do whatAppropriateness of audit evidence depends on relevance and what?