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Audit Risk |
Also found in: Wikipedia | 0.01 sec. |
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Audit Risk The risk to a company or investor that an audit will not discover some accidental or intentional irregularity, either through negligence or mal intent. This may result in significant losses to the company and its investors once the irregularity is finally discovered. It could also result in a lawsuit against the auditing firm that conducted the audit. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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