AUDIT RISK Definition

Bookmark and Share

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).

Learn new Accounting Terms

PREDECESSOR AUDITOR is the auditor of a client for a prior year who no longer audits that client.

SCELLINI is a currency of Somalia.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.