what is the audit risk in favour of an chartered accountant ?

Answer Posted / lalit singh

The risk that an auditor will not discover errors or
intentional miscalculations (i.e. fraud) while reviewing a
company's or individual’s financial statements. There are two
general categories of audit risk – risk regarding assessment
of the financial materials and risk regarding the assertions
produced by evaluation of the financial materials.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HI EVERY1, PLZ HELP.......HAS THE INTERVIEW DATE CHANGED FROM 17 SEPTEMBER TO 22 SEPTEMBER FOR PO INTERVIEWS OF SYNDICATE BANK........I GOT THE PHONECALL REGARDING THIS FROM BANK...PLZ INFORM........

1577


what is the ratio of selection in SBI clerical interview 2010?

1595


WHAT IS CRR

1455


is there anyone from calcutta appeared for SBI interview.if yes plz post ur experience

1647


What is Micro-kernel? What are the benefits of Micro-kernel?

1343






What is mean by CRT interview????

7764


How to answer for a question in a company interview that what are three positive character traits you don't have?

1737


What are the importance of employee training and development in the organization?

1336


How did you go about planning for a recent event/project you handled?

1417


hi, i perparing for JBT FROM JAMMU ,PLZ SOMBODY HELP ME IN MY STUDY, IF SOME ONE HAS PREVIOUS PAPER OF JBT PLZ SEND ME, CONTACT MY EMAIL ID anilkumaryadav2310@gmail.com

1575


Which are the Duties of H.R. & H.R.Department?

1508


Sir, I have completed my BTech in Electronics and Communication and also MTech in Nanoscience .But I want to come in the banking sector. What are the questions expected in interview ? plz help

1903


you do not have MBA degree. why should we appoint you as Deputy General Manager of CSD Bangladesh?

1412


what is mean by domain interms of software ? can you expain in specific in terms of web based , networking all those ?how to choose the domain for doing a project in software feild ?

1428


Can someone please give me contact details of Mr Chanchal Saxena. He has previously given advice on SAP as a career

1147