Examine the inherent risk, impact of controls, and residual risk plots in Figure 11-6 for the sales

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Examine the inherent risk, impact of controls, and residual risk plots in Figure 11-6 for the sales and customer service process. Based on this plot, what conclusions should an auditor reach for each of the risks regarding whether to test controls and the extent to which substantive testing should be performed?

Figure 11-6

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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