audit risk has 3 factor which one is not of those factors
a.inherent risk
b. detection risk
c. control risk
d. compliance rish
Answers
Answer:
compliance rissh......
Answer:
d. compliance risk is not the factor of audit risk.
Explanation:
Audit risk is a mix of three factors:
1. Control risk - In some cases, an organization's inward controls are lacking to forestall or recognize material errors. Control risk increments when the organization neglects to send and implement powerful inner controls, or when representatives or outsiders supersede them without the organization finding their activities.
2. Inherent risk- This term alludes to helplessness to a material error, whether or not the organization has solid interior controls. Certain exchanges and businesses present more prominent inherent risks than others.
3. Detection risk- Audit methods are intended to reveal material misquotes. Detection risk is high when there's a high likelihood that considerable audit strategies will neglect to recognize a material error. At the point when detection risk is raised, the auditor may, for instance, test a bigger example of exchanges to alleviate audit risk.