Page 5 - PowerPoint Presentation
P. 5

IMPORTANT ELEMENTS OF THE AUDIT PROCESS



            The Components Of Audit Risk









            • Refer to ISA 200 for detailed guidance



            • Audit Risk is a function of IR,CR and DR.











                                                 Inherent                         Control                         Detection
                 Audit Risk
                                                    Risk                             Risk                            Risk



















                                                                                                                                      5
   1   2   3   4   5   6   7   8   9   10