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internal control

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › internal control

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by Ken Garrett.
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  • May 18, 2011 at 7:58 am #48475
    65new
    Member
    • Topics: 5
    • Replies: 2
    • ☆

    what is an exception report? & what do you mean by risk management? do we have risk managemant in our syllabus.

    May 18, 2011 at 12:21 pm #81813
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10606
    • ☆☆☆☆☆

    An exception report reports exceptions such as Dr payables balances, negative inventory. These are usually worth investigating.

    Business risk management is not on F8. Dealing with audit risk is i.e. the risk that an inappropriate audit opinion is given.

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