Explain the difference between business risk and audit risk.
Question:
Explain the difference between business risk and audit risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
Business risk and audit risk are distinct concepts in the field of auditing and its essential to understand their differences Heres an explanation of the key distinctions between these two types of ri...View the full answer
Answered By
Milan Mondal
I am milan mondal have done my Msc in physics (special astrophysics and relativity) from the University of burdwan and Bed in physical science from the same University.
From 2018 I am working as pgt physics teacher in kendriya vidyalaya no2 kharagpur ,west bengal. And also I am doing advanced physics expert in chegg.com .also I teach Bsc physics .
I love to teach physics and acience.
If you give me a chance I will give my best to you.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
This WSJ article provides you with excellent historical perspective of how US financial audit practice have been evolved. This is the designated posting area for your article review based on your...
-
Explain the difference between business risk and financial risk.
-
Explain the difference between financial risk and business risk.
-
Recognition accuracy that measures the percentage of orders that are taken correctly is 86.8%. Suppose that you place order with the bot and two friends of yours independently place orders with the...
-
Ridenour Ltd. is preparing its first-quarter monthly cash budget for 2011. The following information is available about actual 2010 sales and expected 2011 sales: Tracing collections from prior year...
-
DAT, Inc., needs to develop an aggregate plan for its product line. Relevant data are The forecast for next year is Management prefers to keep a constant workforce and production level, absorbing...
-
34. Compare and contrast the lifetime learning credit with the American opportunity tax credit.
-
The following comparative income statement (in thousands of dollars) for two recent years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor...
-
please help me fill in ALL the remaining blanks. (ones already answered are correct.) show work. Thank you. Required information Comprehensive Problem 8-84 (LO 8-1, LO 8-2, LO 8-3, LO 8-4, LO 8-5)...
-
You are responsible for the audit of the tangible non-current assets of Megatron Ltd, a company engaged in the manufacture and supply of soft drinks and other beverages to the retail, catering and...
-
What can a company do about risk?
-
Graph the solution set of the inequality, where x is an integer, on the number line. 5(x + 4) - 6 2x + 8
-
When do we use Fourier transforms and Laplace transforms in RC/RL/RLC circuit analysis?
-
What are the protocols used in a drone?
-
How do we design a drone?
-
What are the different types of drones?
-
What are the applications of drones?
-
If f C1. should (f y)' = f ' or f + f '?
-
Test whether the 5-year survival rate for breast cancer is significantly different between African American and Caucasian women who are younger than 50 years of age and have localized disease....
-
What are the purposes of preliminary analytical procedures? What types of comparisons are useful when performing preliminary analytical procedures?
-
When are analytical procedures required on an audit? What is the primary purpose of analytical procedures during the completion phase of the audit?
-
Gale Gordon, CPA, has found ratio and trend analysis relatively useless as a tool in conducting audits. For several engagements, he computed the industry ratios included in publications by Standard...
-
gnment CALCULATOR FLEEN PRINTER VERSION BACK NEXT Multiple Choice Question 142 During January 2017, its or month of operation, Osborn Enterprises earned net income of 6800 and paid dividends to the...
-
x Company is considering buying a part next year that they currently make. This year's production costs for 3,400 units were as follows: Direct materials Direct labor Variable overhead Fixed overhead...
-
Package Corporation acquired 90 percent ownership of Sack Grain Company on January 1, 20X4, for $118,800 when the fair value of Sack's net assets was $19,000 higher than its $113,000 book value. The...
Study smarter with the SolutionInn App