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What is the difference between risk and uncertainty?

What is the difference between difference between control risk and internal controls?

  • Answer:

    The control risk is the risk that a certain control procedure will not mitigate the risk that this control put in place to mitigate it. So basically the internal control procedures are those procedures that are designed to mitigate a certain risk (those controls could be preventive or detective). Hope this helps, good luck :) !

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The control risk is the risk that a certain control procedure will not mitigate the risk that this control put in place to mitigate it. So basically the internal control procedures are those procedures that are designed to mitigate a certain risk (those controls could be preventive or detective). Hope this helps, good luck :) !

Muhammad

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