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  3. Study Set
    Modern Auditing Assurance
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    Exam 5: Overview of the Audit Process
  5. Question
    In the Professional Standards, Audit Risk Is Defined as the Risk
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In the Professional Standards, Audit Risk Is Defined as the Risk

Question 48

Question 48

True/False

In the professional standards, audit risk is defined as the risk that the auditor will appropriately modify his or her opinion on financial statements that do not contain a material misstatement.

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