Question: 1. Distinguish between inherent risk and control risk. How do internal controls affect inherent risk and control risk, if at all? (4 marks) 2. What

1. Distinguish between inherent risk and control

1. Distinguish between inherent risk and control risk. How do internal controls affect inherent risk and control risk, if at all? (4 marks) 2. What is the role of detection risk? (4 marks) 3. Describe 3 examples of application controls

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