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Are Business risk assessment definite requirement for Part A?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Are Business risk assessment definite requirement for Part A?

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • August 31, 2021 at 7:45 am #633591
    basilb4u
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    • Topics: 2
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    Are Business risk assessment definite requirement for Part A?

    August 31, 2021 at 7:58 am #633594
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8300
    • ☆☆☆☆☆

    Short answer NO

    SEE “approach to examining” in the published syllabus. Requirement for risk(s) could be business risk and/or audit risk/RoMM. Whereas audit risk/RoMM can be required without business risk you would not be asked for business risk alone – because it is RoMM that prompts the auditor’s response to assessed risks including the substantive procedures that will be a separate requirement of the same question.

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