audit risk

This topic has 1 reply, 2 voices, and was last updated 13 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
Member

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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