Audit risk is the product of:
AInherent risk, control risk and detection riskCORRECT
BInherent risk and business risk
CSampling risk and non-sampling risk
DControl risk and engagement risk
ICANAudit & AssuranceAudit Risk and Risk Assessment2024
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Why the answer is A, and why the others tempt you.
Audit risk is the risk of an inappropriate opinion on materially misstated statements, comprising risk of material misstatement (inherent and control risk) and detection risk.
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