14. One way for auditors to gain an understanding of the client includes 15. risk is the risk that an auditor will express an inappropriate-audit opinion when the financial statements are materially misstated. 16. is a form of insurance in which a bonding company agrees to reimburse an employer, within limits, for losses attributable to theft or embezzlement by bonded employees. 17. A I is a diagram - a symbolic representation of a system, or a series of procedures with each procedure shown in sequence.