Title

Control Environment Condition and the Interaction Between Control Risk, Account Type and Management's Assertions

Document Type

Article

Publication Date

1997

Abstract

How changes in control environment (CE) conditions affect auditors' assessments of control risk for different types of financial institution accounts at the management assertion level is studied. The results indicate that there are significant control risk, account type and assertion interactions across various levels of CE conditions. It is demonstrated that the assessed state of the control environment may have differential effects on control risk depending on the industry, account type and management assertion under investigation. These effects are particularly significant for those accounts involving management's subjective estimates.

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Citation / Publisher Attribution

Sarasota, v. 16, issue 1, p. 51-68.

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