Question: Contrast management controls with process controls. Why do management controls (or the lack thereof) carry such heavy implications for audit risk assessment when they don't

Contrast management controls with process controls. Why do management controls (or the lack thereof) carry such heavy implications for audit risk assessment when they don't necessarily concern themselves with accounting numbers? Answer in terms of the model of internal control components in Figure 7-2.

Figure 7-2

Communication Monitoring Control Activities Risk Assessment & Information Control Environment

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