Transcription of Risk Assessments and Internal Controls - AUASB
{{id}} {{{paragraph}}}
Example: biology
Risk Assessments and Internal Controls - AUASB
Auditing Standard AUS 402 (July 2002) Risk Assessments and Internal Controls Prepared by the Auditing & Assurance Standards Board of the Australian Accounting Research Foundation Issued by the Australian Accounting Research Foundation on behalf of CPA Australia and The Institute of Chartered Accountants in Australia The Australian Accounting Research Foundation was established by CPA Australia and The Institute of Chartered Accountants in Australia and undertakes a range of technical and research activities on behalf of the accounting profession as a whole.
judgement to assess audit risk and to design audit procedures to ensure it is reduced to an acceptably low level. .03 “Audit risk” means the risk that the auditor gives an inappropriate audit opinion when the financial report is materially misstated. Audit risk has three components; inherent risk, control risk, and detection risk.
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: