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Audit Risk
Audit Risk
Audit Risk
Audit Risk
Audit Risk

The following information is about Audit Risk.

Audit Risk Defined

is a combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling (sampling risk) and to other factors (non-sampling risk).

This definition is in context to Accounting. See more contextual defintions for Audit Risk.


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Latest business news

Published September 7, 2008, 1:34 am, The Scranton Times-Tribune

Continental Airlines to charge bag fee Continental Airlines Inc. said Friday it is charging some coach customers $15 for a first checked bag to help offset higher fuel costs. Customers at Wilkes-Barre/Scranton International Airport will also face the new fee.

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CNY PEOPLE ON THE MOVE 9/5/2008

Published September 6, 2008, 9:01 pm, Central New York Business Journal

Terrence W. McCarthy, a partner at Green & Seifter, Certified Public Accountants, PLLC, was recently appointed to the YMCA of Greater Syracuse Board of Directors.

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BUSINESS BRIEFS

Published September 5, 2008, 11:18 pm, Richmond Times-Dispatch

A federal judge has sentenced an Alexandria man to nearly six years in prison in connection with a mortgage refinancing scheme. The U.S. Attorney's Office says 41-year-old John Tsiaoushis also was ordered to pay nearly $4 million in restitution for the scheme, which occurred from 2004 until last November. According to prosecutors, Tsiaoushis carried out the scheme by refinancing two residential ...

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Splichal running for state auditor

Published September 5, 2008, 11:03 pm, The Dickinson Press

Daryl Splichal grew up like just about every other kid in Dickinson - never dreaming about one day running for North Dakota state auditor. Advertisement: AMERIPRISE FINANCIAL Planning your financial life. Whether you're starting a small business, obtaining life insurance, or sending your kids to college, I can help you plan to reach your financial goals through personal, customized ...

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FairPoint Communications appoints new CFO

Published September 5, 2008, 5:36 pm, Computer Business Review

Mr Giammarino will report to chairman and CEO Gene Johnson and will be responsible for all aspects of FairPoint's finance function, including accounting, financial planning and analysis, tax, treasury, audit, investor relations and risk management.

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GE may face civil action on securities violations

Published September 5, 2008, 5:01 pm, Connecticut Post

FAIRFIELD (AP) - General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law

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Metro May Lose Funding Due To Poor Bookkeeping

Published September 5, 2008, 4:45 pm, News Channel 5 Nashville

The Metro Nashville school district is in jeopardy of losing millions of dollars in federal funding used to help support and educate some of the areas poorest students.

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GE may face civil action on securities violations

Published September 5, 2008, 4:17 pm, Bay News 9 Tampa Bay

By The Associated Press FAIRFIELD, Conn. (AP) -- General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made.

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GE faces accounting fines

Published September 5, 2008, 4:08 pm, CNN Money

Industrial giant says in report that SEC may recommend civil punishments for accounting changes the company made.

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GE may face civil action on securities violations

Published September 5, 2008, 3:56 pm, Lexington Herald-Leader

General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made. GE said in a regulatory filing that the notification, called a "Wells notice," is related to issues dating to several years ago concerning GE's accounting for certain ...

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