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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

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PolarNik [594]

Answer:

Customer orientation

Explanation:

Customer orientation is described as a strategy to revenues and customer relationships in which employees focus on developing customers encounter their brief-term needs and desires. Here, management and staff align their physical and technical goals with customer satisfaction and retention.

Customer orientation is crucial to the gratification of a customer. Analysis into customer needs and satisfaction can improve your organization's customer orientation.

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3 years ago
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Answer: Option C            

                           

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Thus, the correct option is C.

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3 years ago
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Shalnov [3]

Answer:

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5 0
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Answer: Well what things are you interested in?

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atroni [7]

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<h3>What procedure is outlined above?</h3>

The above procedure is known as conflict resolution under customer care service.

One additional step maybe to keep the costumer company and ensure that they are happy before they leave.

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