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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › audit risk increase
when the company start export during the year which audit risk will increase?
Inherent risk and control risk can both increase.
Eg exporting require staff to deal with currency translation and they xould make errors (inherent risk). Additionally, the new types of transaction might notmhave had proper controls designed (eg credit checking foreign customers).
Does an audit risk arise where the integrity of accounting staff is questionable?
Of course. Liars must increase risk.