Distinguish between audit risk and audit failure. Why is there at least some level of audit risk

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Distinguish between audit risk and audit failure. Why is there at least some level of audit risk on every audit engagement?

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Auditing And Assurance Services An Integrated Approach

ISBN: 9780135176146

17th Edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

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Question Posted: Jun 12, 2020 09:48 AM

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Distinguish between audit risk and audit failure. Why is there at least some level of audit risk

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Audit risk is the risk that the auditor concludes after conducting an au...View the full answer

Auditing And Assurance Services An Integrated Approach

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