- external audit risk
- See *audit risk (definition 1).
Auditor's dictionary. 2014.
Auditor's dictionary. 2014.
audit risk — 1. In external auditing, the *risk of giving an inappropriate *audit opinion on the *fair presentation of an organization’s *financial statements. The *sampling of transactions and the *compliance testing of controls cannot offer cast iron… … Auditor's dictionary
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Audit — For other uses, see Audit (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management … Wikipedia
audit committee — A committee of a *board of directors (or similar governing body) that oversees an organization’s auditing and *financial reporting. Under most systems of corporate governance, audit committees tend to be comprised of *outside directors to… … Auditor's dictionary
detection risk — The *risk that the *misstatement of items in *financial statements may not be found through an auditor’s *substantive and Compliance tests. Detection risk is considered alongside *inherent risk and Control risk as one of three components of… … Auditor's dictionary
Audit evidence — is evidence obtained during a financial audit and recorded in the audit working papers. [cite web |title=Audit evidence |publisher=abrema.net |date=undated |url=http://www.abrema.net/abrema/au ev g.html |accessdate=2007 08 07] * In the audit… … Wikipedia