easy5 pts · first answer countsaudit-planning

What makes a risk significant

Under SA 315 (Revised), what is a significant risk?

A.Any risk whose amount exceeds performance materiality for the yearB.A risk near the top of the inherent risk spectrum, or one an SA deems soC.Any risk that management raises with the auditor at the planning meetingD.Any risk found by the internal auditor and reported to the audit committee

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What makes a risk significant

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