Unit 1 Auditing
Fundamentals to Audit
第二部分 审计基本原理
audit risk 审计风险
inherent risk* 固有风险
control risk* 控制风险
detection risk* 检查风险
risk of material misstatements* 重大错报风险
Audit risk = Inherent risk × Control risk × Detection risk
Risk of material misstatement is made up of inherent risk and control risk.
e.g. Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. It is a function of the risk of material misstatement (inherent risk and control risk) and the risk that auditor will not detect such misstatement (detection risk).
【译】注册会计师审计风险是指财务报表存在重大错报时注册会计师发表不恰当审计意见的可能性。审计风险取决于重大错报风险(固有风险和控制风险)和未查出该错报风险(检查风险)。
【讲解】
(1)risk of material misstatements，通常缩写为RMM
(2)function [’fʌŋ(k)ʃ(ə)n] n. 函数，职能，功能
