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audit risk increase

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › audit risk increase

  • This topic has 3 replies, 3 voices, and was last updated 8 years ago by AvatarKen Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 20, 2017 at 12:53 pm #402626
    Avatarsahalacca
    Participant
    • Topics: 17
    • Replies: 3
    • ☆

    when the company start export during the year which audit risk will increase?

    August 20, 2017 at 4:22 pm #402660
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10653
    • ☆☆☆☆☆

    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).

    August 24, 2017 at 9:09 pm #403381
    Avatarngaryitess
    Participant
    • Topics: 29
    • Replies: 40
    • ☆☆

    Does an audit risk arise where the integrity of accounting staff is questionable?

    August 24, 2017 at 9:16 pm #403384
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10653
    • ☆☆☆☆☆

    Of course. Liars must increase risk.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘audit risk increase’ is closed to new replies.

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