Risk - Risk in Auditing

Risk in Auditing

The audit risk model expresses the risk of an auditor providing an inappropriate opinion of a commercial entity's financial statements. It can be analytically expressed as:

AR = IR x CR x DR

Where AR is audit risk, IR is inherent risk, CR is control risk and DR is detection risk.

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Risker - Risk in Auditing
... The audit risk model expresses the risk of an auditor providing an inappropriate opinion of a commercial entity's financial statements ... It can be analytically expressed as AR = IR x CR x DR Where AR is audit risk, IR is inherent risk, CR is control risk and DR is detection risk ...

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