Audit risk is the risk faced by CPAs when conducting audit service.

审计风险是注册会计师执行审计业务时所面临的风险。

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In conducting audit engagements, methods and techniques for testing and validating exposures should be reflective of the risk materiality and likelihood of occurrence.

在开展审计业务时，用于检测、证实风险的技术与方法应该能够反映出风险的重大性与发生的可能性。

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The audit procedures shall cover the scope, frequency, methodologies and competencies, as well the responsibilities and requirements for conducting audits and reporting results.

审核程序应既包括审核的范围、频次、方法和能力，以包括实施审核和报告审核结果的职责和要求。

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However, the new whistleblower bounty exclusion does not pertain to illegal acts or violations of securities laws related to the audit itself, the firm, or the team conducting the audit but only to acts by the client and directors.

FORBES: Mind On The Money: The Dodd-Frank Whistleblower Provisions

The inspector general office has been conducting an audit of the IRS handling of the applications process.

WSJ: IRS Scrutiny Was Deeper Than Thought

Venezuela's electoral council is currently conducting an audit of the votes, which Mr Capriles has dismissed as a "farce".

BBC: Venezuela and Colombia in row over Capriles meeting