control risk

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  • Avatar of Vipin
    • Topics: 96
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    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.

    Avatar of gromit
    • Topics: 1
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    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.

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