Audit risk is the risk of the auditor expressing an inaccurate opinion. True or False?

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Nchungong Ngwana
05-November-2015

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/25

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1 Answers

Danish Ahmed Khan

by Danish Ahmed Khan , Assistant Manager - Tax , KPMG

True. Audit risk comprises of three components.

Inherent risk
Control risk
Detection risk

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