Significant riskForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Significant riskThis topic has 3 replies, 4 voices, and was last updated 9 years ago by ahmedzabith.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 12, 2014 at 2:44 pm #176236 nariMemberTopics: 261Replies: 176☆☆☆Hello In every process, there are risks and controls. My question is how you know which risks and controls are considered significant? June 12, 2014 at 6:07 pm #176298 AnonymousInactiveTopics: 0Replies: 8☆so then back to: how do you define “significant” June 15, 2014 at 8:05 pm #176667 Ken GarrettKeymasterTopics: 10Replies: 10534☆☆☆☆☆I would suggest that significant risks nd controls are those that could lead to material misstatement. June 14, 2015 at 7:45 am #256786 ahmedzabithParticipantTopics: 0Replies: 2☆Significant risks are those risks that have more opportunity to result material mistatements. Eg. Risk of fraud, risk of unsual transaction.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In