Audit failure meaning

In today’s article we are going to focus on what is audit failure in Event Viewer, but first, let’s take a look at the audit failure matter

Audit failure happens when an auditor digresses from the relevant professional standards in such a way that the opinion contained in his or her audit report is incorrect

Audit Risk refers to the risk that an auditor will provide an inappropriate opinion on a company’s financial statements, which can result in audit failure

Audit failure results in an inaccurate representation of the company’s financial position, which can negatively affect the company and its stakeholders