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AUDIT RISK Definition

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AUDIT RISK is a combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling (sampling risk) and to other factors (non-sampling risk).

 

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CERTIFIED PUBLIC ACCOUNTANT (CPA) is an accountant licensed to practice public accounting.

NGWEE is the currency Zambia.


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