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Audit risks

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

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by MikeLittle.
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  • November 30, 2014 at 7:15 pm #214853
    bilal123123
    Member
    • Topics: 21
    • Replies: 39
    • ☆☆

    I just want to ask that when we are explaining audit risks do we have to tell whether its inherent,control or detection risk? Is it necessary?

    November 30, 2014 at 9:09 pm #214903
    js142004
    Member
    • Topics: 10
    • Replies: 12
    • ☆

    no it just categorizes your mind what its looking for. You can have them under headings if its easier for you to spot.

    December 1, 2014 at 10:29 am #215065
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23360
    • ☆☆☆☆☆

    Also, not advised to split control from inherent – at least, talk first about risk of material misstatement and only then split the two components

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