Control risk is the risk that the internal control will fail to prevent or detect material misstatements.

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Control risk is the risk that the internal control will fail to prevent or detect material misstatements. There are three potential circumstances that can give rise to this risk. Describe two.

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Accounting information system

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

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Posted Date: Feb 17, 2020 11:48 PM

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Control risk is the risk that the internal control will fail to prevent or detect material misstatements.

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There are majorly three types of risk Inherent Control and Detection Risk Control risk basically dep... View the full answer

Accounting information system

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