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Answer to Question #251235 in Economics for Tshegofatso

Question #251235

What are internal risks in auditing


1
Expert's answer
2021-10-18T11:27:10-0400

There are three common types of audit risks, which are detection risks, control risks and inherent risks. This means that the auditor fails to detect the misstatements and errors in the company's financial statement, and as a result, they issue a wrong opinion on those statements.


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