- This topic has 2 replies, 2 voices, and was last updated 7 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Hello
I have 2 questions
1.Im having a problem identifying audit risks. I was under the impression that the assertions are what relates to the risk of material misstatement (romm) eg theres a risk that all the non current assets are not recorded..which is the completeness assertion. I am a bit confused.
2.Also the audit risk consists of control, inherent and detection risk. This therefore means that within that theres is a romm. So does this mean that if part A of the question asks for romm then i might be repeating those answers if part B asks for audit risks?
Viewing 3 posts - 1 through 3 (of 3 total)
- The topic ‘Audit risk’ is closed to new replies.