Audit Risk - Auditing
на канале: Accounting Instruction, Help, & How To (Financial & Managerial)
Welcome to our channel! In today's video, we dive deep into the concept of Audit Risk in the field of auditing. Audit risk is a crucial aspect that every auditor must understand to ensure the accuracy and reliability of financial statements.
In this video, you'll learn:
What audit risk is and why it's important.
The components of audit risk: Inherent Risk, Control Risk, and Detection Risk.
How auditors assess and manage these risks during an audit.
Real-life examples to illustrate the concepts.
Whether you're a student, an aspiring auditor, or a professional looking to refresh your knowledge, this video is perfect for you. Don't forget to like, comment, and subscribe for more insights into auditing and assurance services!
If you have any questions or topics you'd like us to cover, feel free to leave a comment below. Thanks for watching!
#Auditing #AuditRisk #Accounting #Finance #AssuranceServices
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