- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
What is the scope of evaluating Business risk?
Do we always need to relate it to a audit risk?You have to answer the question set. So if there are two requirements “… evaluate business risks …” and “… evaluate ROMM” – they can be evaluated separately.
Not all business risks will have a ROMM (so cannot be related). For example, competition is a business risk but that revenue may fall is a fact not misstatement.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.