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.
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Answer:C. Self managed work teams, D. Research and development , E. Top management team
Explanation:
The team is to come up with it's own working principles and needed machinery for implementation through research and development and involves top management because it's of high priority to the management.
It's not a command groups, since such groups only wait for instructions command devoid of their initiative and not a task force which is only to implement already decided rules.
Answer: 860
Explanation:
The gross domestic product is the value of the goods and services which are produced in a particular country from the year.
In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.
The GDP loss will be calculated as:
= [(0.75 × 9.8)/100 × 10,000] + 125
= [(7.35/100) × 10000] + 125
= [(0.0735) × 10000] + 125
= 735 + 125
= 860
No you wouldnt since you arent a citizen i think they will either deport you back to your country or shoot you on sight
If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to pay $40,000 up front.
<h3>What is Down payment?</h3>
- An advance, partial payment known as a down payment is made when buying expensive products or services like a home or a car.
- Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind.
- A greater down payment typically indicates that you are a less risky borrower, and a lower interest rate reflects a less hazardous borrower.
- A lower interest rate will enable you to pay less interest overall and save you money on your monthly payment.
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