Chapter 4 Risk Assessment McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 4 Risk Assessment. Audit Risk The risk that an auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.
A Revision on Audit Practice. Classification of entities Divide into three class of entities –High risk entities, either listed companies or regulated.
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