What are the characteristics of audit risk?

The so-called audit risk refers to the possibility that certified public accountants may express inappropriate audit opinions after auditing due to major errors or omissions in accounting statements.

The essence of audit risk always shows certain characteristics or characteristics. After discussing the connotation of audit risk, we should continue to elaborate the characteristics of audit risk and explain its unique performance under the conditions of China's socialist market economy. Now described as follows:

Objectivity of audit risk

Universality of audit risk

Potential audit risk

Contingency of audit risk

Controllability of audit risk