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Mistake that cause the auditor to do additional and unnecessary work is? (audit is accurate but less efficient) a. Beta Risk b. Alfa Risk c. None

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تم إضافة السؤال من قبل Mir Mujtaba Ali , Internal Audit Manager , Confidential
تاريخ النشر: 2014/12/30
Lesley Lanag CMA CPA
من قبل Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

B. Alpha risk. This pertains to the risk where the auditor erroneously identifies a problem where there is  none. Tendency would be an increase in the assessment of control risk. This will lead auditors to increase audit work which impairs the efficiency of the audit.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (b) >>>>>>>>>> Alpha risk

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