1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bond [772]
1 year ago
5

The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially miss

tated is the definition of?
Business
1 answer:
Leya [2.2K]1 year ago
3 0

The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially misstated is the definition of audit risk.

When the financial statements are materially misstated, the auditor expresses an inappropriate audit opinion, this risk which an auditor gives is called the audit risk. So, when the auditor fails to modify an opinion on the financial statements it is an audit risk.

The audit risk will typically rise as an auditor will never be able to obtain absolute assurance by conducting audit procedures. Thus, after identifying the audit risk, auditors are often required to identify the relevant response to these risks.

Hence, the audit risk is a function of the risk of material misstatement.

To learn more about audit risk here:

brainly.com/question/4298484

#SPJ4

You might be interested in
after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin hel
svetlana [45]

Answer:

Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.

Explanation:

4 0
3 years ago
Which benefit is often associated with command economies and most likely
GuDViN [60]

Answer:

The establishment of social welfare programs.

Explanation:

This is the answer for Ap3x.

5 0
3 years ago
Under which circumstance might you receive a tax refund from the IRS?
Maru [420]
If you over pay or if you happen to do something and the IRS give you something but it is not normal for the IRS to give
 you money
5 0
3 years ago
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
Verizon [17]

Answer:

=$422,000

Explanation:

As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.

Therefore, the total contribution margin is the sales minus variable costs.

The contribution margin for the west will be sales($930,000) minus variable cost($488,000)

=$930 ,000 - $488,000

=$422,000

4 0
2 years ago
Phishing:_______
grandymaker [24]

Answer:

a)

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

7 0
2 years ago
Other questions:
  • Where must all laws dealing with money originate why?
    7·1 answer
  • For each "point" you pay on a mortgage, you get a one-quarter percent reduction in the interest rate. You want to get a .375% re
    14·2 answers
  • Which subject line will likely result in grabbing readers' attention? a.Carpool and Vanpool Opportunity b.Our Sustainability Eff
    7·1 answer
  • What is competitive advantage and how does it relate to a company’s business mode?
    10·1 answer
  • The Talbot Corporation makes wheels that it uses in the production of bicycles. Talbot's costs to produce 110,000 wheels annuall
    15·1 answer
  • How to choose business name​
    5·1 answer
  • The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:__
    14·1 answer
  • you are the accounts receivable clerk for fast and friendly shipping . the friendly shipping the balance of the accounts receiva
    9·1 answer
  • Impact of legislation on employees​
    5·1 answer
  • A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!