Chapter 4 ca inter – Auditguru

Questions › Category: CA-IPC Internal Control System › Chapter 4 ca inter

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Sarthak Jagan Ambhore asked 2 years ago

What is difference between control risk assessment and test of control?

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Ravi Staff answered 2 years ago

concept of control risk assessment is not covered in bare SA, ICAI included it from external sources .

we can simply say that in both we are testing controls and as a result of TOC we come to know final assessment of control risk