The Auditing Standards Define Audit Risk as the Risk That

Multiple Choice

The auditing standards define audit risk as the risk that

A) the auditor issues a qualified opinion when the financial statements are not materially misstated
B) the auditor issues an unqualified opinion when the financial statements are misstated
C) the auditor issues a qualified opinion when the financial statements are materially misstated
D) the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated