RushNet Inc (RSHN)

[MiltonTonic]

Are you suggesting Somerset could be sued by rshn for missing the 250,000 STNT shares?
Can rshn collect malpractice insurance money from Somerset?
That could RESCUE rshn!!!
Thoughts?
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Key Takeaways
- Audit risk is the risk that financial statements are materially incorrect, even though the audit opinion states that the financial reports are free of any material misstatements.
- Audit risk may carry legal liability for a certified public accountancy (CPA) firm performing audit work.
- Auditing firms carry malpractice insurance to manage audit risk and the potential legal liability.
- The two components of audit risk are risk of material misstatement and detection risk.