Asignificant riskis an identified and assessed risk of material misstatement that, in the auditor's judgment,...
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Accounting
Asignificant riskis an identified and assessed risk of material misstatement that, in the auditor's judgment, requires special audit consideration. Which of the following would be classified as a significant risk?
| A risk related to a significant economic or accounting development. | ||
| A risk related to transactions for a simple operating lease, like you sign when you rent an apartment. | ||
| A risk that does not involve a related party transaction. | ||
| A risk related to a transaction that involves a recording error, but was not intentional, like a fraud. |
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