alleryStart learning →Assurance opinions mainly reduce which kind of risk?
ACurrency risk
BMarket share risk
CLiquidity risk
DInformation risk
Answer & Solution
Correct answer: D. Information risk
Information risk is the risk of incorrect information, which an independent opinion lowers for the users.
Keep practising Financial Audit
Browse all Financial Audit questions for CA Final, or explore more Auditing topics.
Related questions
Which 2002 law led to the creation of the PCAOB?Which firm hid off-book liabilities from banks and shareholders before collapsing?Which office now audits UK government expenditure?Gladstone's 1866 Act made departments produce which annual accounts?Which body did the Securities Exchange Act of 1934 create?Which of these is a method of gathering audit evidence?Why can an audit not give absolute assurance?Financial statements aim to give information useful to whom?