BPP Black Friday sale!

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

Audit risks

This topic has 2 replies, 3 voices, and was last updated 9 years ago by MikeLittle.

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
November 30, 2014 at 7:15 pm #214853
bilal123123
Member
- Topics: 22
- Replies: 40
I just want to ask that when we are explaining audit risks do we have to tell whether its inherent,control or detection risk? Is it necessary?
November 30, 2014 at 9:09 pm #214903
js142004
Member
- Topics: 10
- Replies: 12
no it just categorizes your mind what its looking for. You can have them under headings if its easier for you to spot.
December 1, 2014 at 10:29 am #215065
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
Also, not advised to split control from inherent – at least, talk first about risk of material misstatement and only then split the two components
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.