ISA 400 Risk Assessments and Internal Control
- ISA 400 Risk Assessments and Internal Control
ISA 400 Risk Assessments and Internal Control is one of the International Standards on Auditing. It serves to require the auditor is to understand the client's accounting system and internal control system and to assess control risk and inherent risk. The objective is to determine the nature, timing and extent of substantive procedures in order to reduce audit risk to an acceptable low level.
See also
* Control environment
* Control objectives
* Control procedures
* Internal control types
* Walk through test
* Sarbanes-Oxley
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