internal control
This query is : Resolved
04 September 2008
Inherent risk is the susceptibility of an assertion to material misstatement, assuming no internal controls.
Control risk is the risk that material misstatements that could occur will not be
prevented or detected on a timely basis by an entity’s internal controls.
Control risk is the risk that material misstatements that could occur will not be
prevented or detected on a timely basis by an entity’s internal controls.
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