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audit risk in a sentence


1) The biggest disadvantage of filing as a trader is audit risk.

2) In other words, whose job is it to manage audit risk?

audit collocations
3) The assessment of your audit risk is not a guarantee that you will not be audited.

4) To determine the major audit risks (i.e. the chance that the auditor will issue the wrong opinion).



audit risk example sentences

5) The applications chapters (Part V, Chapters 10,16) continue the cycles orientation using the audit risk model.

6) He chaired the AICPA's Assessing audit risk Guide and the AICPA audit Sampling Guide Task Forces.

7) The audit risk model expresses the risk of an auditor providing an inappropriate opinion of a commercial entity's financial statements.

8) However, it is indicative of current thought within the profession and therefore is relevant to a discussion of audit risk.

9) Because audit risk is likely to differ between public and non-public firms, we include a control in all our analyses.

10) audit risk is subjective in nature and represents the likelihood misstatement will remain in the financial statements after auditing procedures are completed.

11) This provides an indication that some aspects of going-concern risk are not subsumed by the current audit risk Model (ARM).

12) It records data both in a one-on-one and group setting for multiple programs for each student, enabling administrators to receive timely, reliable data and avoid audit risks.

13) Acceptable level of detection risk for a given level of audit risk bears an inverse relationship to the risk of material misstatements at the assertion level.

14) Components of audit risk • Inherent risk – This refers to susceptibility of an assertion to a misstatement that could be material. (Both individually and aggregate with other misstatements).



example sentences with audit

15) audit risk is the risk that the auditor may unknowingly fail to appropriately modify his or her opinion on financial statements that are materially misstated.

16) Quadackers, L., Mock, T. u0026 Maijoor, S. (1996), 'audit risk and audit programs: Archival evidence from four Dutch audit firms', The European Accounting Review, Vol. 5, No. 2, pp. 217–37.

17) DISCUSSION AND IMPLICATIONS FOR FUTURE RESEARCH We investigate the association between two specific pervasive risks, fraud and going-concern risk, and the audit risk Model.

18) These risks include not only the inherent and control risk identified in the audit risk Model (ARM), but also the client's business risk (Johnstone, 2000; Public Oversight Board, 2000).

19) D. The auditor did not consider factors influencing audit risk for account balances that have effects pervasive to the financial statements taken as a whole.

20) Where AR is "audit risk", IR is "inherent risk", CR is "control risk" and DR is "detection risk".

21) This has resulted in confusion in the use of auditing Standards No 47, "audit risk and Materiality in Conducting the Audit".



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