Concept card Audit & Assurance

Audit Risk Model

Inherent, control and detection risk.

Difficulty: Advanced Learning path: Audit Planning

Explanation

Audit risk = inherent risk x control risk x detection risk। Auditor inherent ও control risk মূল্যায়ন করেন এবং সেই অনুযায়ী detection risk ঠিক করে audit procedure পরিকল্পনা করেন।

Example

High inherent and control risk leads the auditor to plan more substantive testing to lower detection risk.

Audit Risk Model

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