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Audit Risk

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Audit Risk

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • October 18, 2015 at 10:26 am #276963
    kapindula
    Member
    • Topics: 3
    • Replies: 0
    • ☆

    ISA 315 states that auditors should understand the entity and its environment sufficiently to identify and assess risk of material misstatements in financial statements. It divides total audit risk in inherent risk, control risk and detection risk.

    Identify the factors that would cause detection risk and control risk explaining clearly how the factors identified will cause the risk.

    October 18, 2015 at 12:38 pm #276983
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22699
    • ☆☆☆☆☆

    Have you read the free course notes? Or listened to the lectures? These risks are fully discussed on this site – even at the lower F8 level!

    We will help you but …….. you must be prepared to help yourself too

  • Author
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