Some auditors have been told they can’t assess control risk at high. Is this true? Also, is it possible to assess control risk at high and not test controls?
Additionally, some auditors believe that control risk is assessed at high only if internal controls are not in place. But is that true?
Listen now to hear the answers. Hint — assessing control risk at high might be your best solution.
Get my free weekly accounting and auditing digest with the latest content.
Charles Hall is a practicing CPA and Certified Fraud Examiner. For the last thirty years, he has primarily audited governments, nonprofits, and small businesses. He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. He frequently speaks at continuing education events. Charles is the quality control partner for McNair, McLemore, Middlebrooks & Co. where he provides daily audit and accounting assistance to over 65 CPAs. In addition, he consults with other CPA firms, assisting them with auditing and accounting issues.
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.
CPA Hall Talk
Sign up for my