Skip to content

Ask the Tutor ACCA AA

control risk

VVipin13y ago
for example,
sales can be ordered through the emails and products are delievered at customer house.
emails are read by 3 employees in sales department.
and company has no control whether all emails are read or not .
is this a control risk or is it simply a deficiency in internal control?
here, no money is involved, so it should not be a control risk.
i guess, control risk is where they couldnt find a material error in cash flow.

thanks for help.
kengarrettkengarrettTutor13y ago#1
There is no difference between a control risk and an IC deficiency. It is potentially just as serious for the company to lose sales as to lose cash.
Sign into reply to this topic.