Good day sir,
I need some explanation to this concept of risk of an acceptable audit risk. what does it mean and what of combination of inherent risk, control risk and detective risk can we set to have an acceptable audit risk?
Thanks sir.
Ask the Tutor ACCA AA
Help With audit Risk
Have you looked at the OT notes and, especially the lectures? It is all explained there in considerable detail:
https://opentuition.com/acca/f8/acca-f8-risk/
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