Inherent risk is the risk The auditor expresses an inappropriate audit opinion when the financial report...
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Inherent risk is the risk The auditor expresses an inappropriate audit opinion when the financial report is materially misstated. O That the procedures performed by the auditor will not be effective in detecting a material misstatement on a timely basis. O That errors can simply happen. O The client's controls will not prevent, or detect and correct, a misstatement on a timely basis. Inherent risk is the risk The auditor expresses an inappropriate audit opinion when the financial report is materially misstated. O That the procedures performed by the auditor will not be effective in detecting a material misstatement on a timely basis. O That errors can simply happen. O The client's controls will not prevent, or detect and correct, a misstatement on a timely basis.
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Required solution is given below The correct answer is cthe errors ca... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
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