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Speaking Plainly About Risk Assessment: Part II

Jan 16, 2019 · 317.3 KB Download

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As promised in Part I of this report, Part II of Speaking Plainly About Risk Assessment, takes a deep dive into assessing the risks of material misstatement, namely the assessment of control risk and inherent risk. There are a number of misunderstandings that surround the assessment of control and inherent risks but there are none more evident than the misunderstanding that persists that it is acceptable for auditors to default to a high control (or inherent) risk and, therefore, do

Download the CPEA report - Speaking plainly about risk assessment Part II

File name: CPEA report - Speaking plainly about risk assessment Part II.pdf

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