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Audit risk – inexperienced auditor

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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May 17, 2018 at 3:01 pm #452455
dzascik
Member
- Topics: 7
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Hello,
I am looking at question 1 in March/June 2016 sample. Point (b) requires to identify audit risks – is inexperienced audit team an indicator of an increased audit risk (more specifically, detection risk)?
The model answer does not mention it and that’s why I keep wondering…
Thank you!
Justyna
May 17, 2018 at 6:25 pm #452546
MikeLittle
Keymaster
- Topics: 27
- Replies: 23264
Yes, I suppose that you could claim that an inexperienced audit team represents an audit risk because of their more likely propensity to uncover errors
It could be seen as stretching a point but if you have nothing else to say then that could well earn you a point
OK?
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