Audit risk is the risk that the auditor:

**The reasoning** Audit risk is a *technical term* in auditing. It means the risk that an auditor gives the **wrong opinion** on financial statements. Think about it: an auditor's main job is to say whether company accounts are "true and fair" or not. The biggest professional disaster? Saying accounts are fine when they're actually dodgy (or vice versa). That's expressing an **inappropriate opinion** — getting your professional judgment wrong when it matters most. This concept appears in auditing standards worldwide, including the standards Nigerian accountants follow. **Why the wrong options tempt you** - **A (Fired)**: That's a *consequence* of audit risk, not the risk itself. You're thinking too practically instead of technically. - **C (Forgets paperwork)**: That's just administrative sloppiness, not the core professional risk. - **D (Charges too little)**: That's a business/pricing problem, nothing to do with audit quality. They all sound like "bad things that could happen," but only B captures the *professional definition*. **Quick takeaway** Audit risk = the chance your professional opinion is **wrong** — always think "opinion quality," not personal consequences.