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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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Question added by Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date Posted: 2014/12/30
Lesley Lanag CMA CPA
by 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
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

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

Deleted user
by Deleted user

non

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