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Material misstatement 2

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

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June 10, 2012 at 12:21 pm #53294
andreas61
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Please can you clarify something ? Risk of Material misstatement is financial statement risk only?? or audit risk (Financial statement risk plus Detection risk)…..
Urgent….
June 10, 2012 at 5:40 pm #99911
sidrashahab
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- Topics: 7
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Yes only f/st risk. Inherent and control rik. NOT the detection risk.
Don’t panic INSHALLAH all will be well 2morrow
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