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audit risk

This topic has 1 reply, 2 voices, and was last updated 12 years ago by solomongs.

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December 2, 2012 at 5:12 am #56047
sherlyn0802
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why audit risk is important to auditor?
December 4, 2012 at 9:07 pm #109427
solomongs
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Auditor may give inappropriate opinion if not assesing the risk carefully and respnd to them..
Assessing the potential risk at early stage of the audit (planning stage) is important to the auditor as it helps him/her to give appropriate audit opinion.
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