Final answer:
During financial statement audits, auditors seek to restrict audit risk.
Step-by-step explanation:
During financial statement audits, auditors seek to restrict Audit risk. Audit risk refers to the risk that the auditors may issue an incorrect opinion or fail to detect material misstatements in the financial statements. By properly assessing and managing audit risk, auditors aim to provide reasonable assurance that the financial statements are free from material misstatements.