Maria, Grosu - In: Ovidius University Annals, Economic Sciences Series XI (2011) 1, pp. 878-883
Control risk (CR) refers to the likelihood that material misstatement of the financial statements can not be prevented … or detected and corrected by the entity's internal control. This risk is assessed by the auditor after obtaining an … understanding of the entity's control environment risk assessment quizzes (TER) and after obtaining evidence of operating …