Which of the following would BEST describe an audit risk?
A. The company is being sued for false accusations.
B. The financial report may contain undetected material errors.
C. Key employees have not taken vacation for 2 years.
D. Employees have been misappropriating funds.
A. The company is being sued for false accusations.
B. The financial report may contain undetected material errors.
C. Key employees have not taken vacation for 2 years.
D. Employees have been misappropriating funds.