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AUDIT RISK

Statistics Directorate    
Definition:
Refers to the risk that the procedures carried out by the auditor will not detect matters which, if known, would require the auditor’s report to be altered.

Source Publication:
Effects of European Union Accession, Part 1: Budgeting and Financial Control, OECD SIGMA + investopedia.com.

Hyperlink:
http://www.investopedia.com/terms/a/audit-risk.asp

Statistical Theme: Public management

Created on Tuesday, August 06, 2002

Last updated on Friday, June 14, 2013