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What is controlled risk?

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Anonymous

10y ago
Updated: 5/8/2022

The risk that misstatements that could occur in an account balance or class of transactions and that could be material, individually or when aggregated with the misstatements in other balances or classes, will not be prevented or detected on a timely basis by the internal control structure.

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Daren Crona

Lvl 10
3y ago

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