Question: Audit risk Multiple Choice Is what creates the demand for an audit. Is the risk that a clean opinion will be issued when, in reality,

Audit risk
Multiple Choice
Is what creates the demand for an audit.
Is the risk that a "clean" opinion will be issued when, in reality, the financial statements are materially misstated.
Is the risk that a company may hire an incompetent auditor.
Can be completely eliminated through appropriate sampling of transactions.

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