Week 3 - Control Risk

Question 1

What are the first two factors of control risk?

Answer 1

• the attitude of the directors and management
• the level of supervision in the business

Question 2

What are the second two factors of control risk?

Answer 2

• the integrity of staff and management
• the internal controls present in the systems

Question 3

What are the final two factors of control risk?

Answer 3

• the number of locations and/or branches
• staff turnover during the year