Risk Assessment in Audit | Risk based audit | Inherent risk vs Control Risk Vs Detection risk

In this video, we have discussed the process of Risk assessment in audit and how we identify the risk through risk based approach and use that for our audit purpose.

We have discussed first about what is inherent risk and then control risk and then detection risk.

and then how we calculate the risk of material misstatement and how we reduce it

[catusharmakkar]

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[dudesedits]

What an outstanding explanation!!!! Now none will have a single doubt on Audit risk. Keep going, you are the best!

[najamul-alam]

Tushar! You have really clearly defined risk based audit with fun!

[PK-hplh]

Aaj jo bhi kuch bataya wo simple and theoretical tha, practical life related batao please

[AV]

Thank you Sir,
You explained in such a wonderful way.

[AtulArora-uicl]

Hi Tushar, a quick question, if TOD fails i.e- design gap is there, we still gonna do the TOE ???? After failing the TOD, what should be the next procedure exactly so detection risk should be low and is there any compensating control should be applied ? or risk control self assessment should be done to check the level of risk?

[eranyegar]

Tusar bhaiya I am in foundation. Law ki section ko kese yad rakhe ape ne kya kiya tha section ko yad rakhne ke liye

[PK-hplh]

Misstatements related Workpaper dikhao, samjhao, signoff archival etc etc ye sab batao

[amritansh]

Please make a video about what are the job roles in which CAs work?

And also where semi qualified CAs can seek jobs?

[harshvardhanverma]

Bhaiya jab aap video banate ho to pls script bana liya karo aur beech main break leke, break wale part ko edit kar liya karo, aap lagatar bolte ho to haafne lagte ho, jo sabke saath hoga

Also video ko topics main baat diya karo jo bhi info aap de rhe ho and us topic ko screen pe Likh diya karo.

Information is good but presentation is also very important. 👍

[akkshaykkadam]

Your rate of speech is very high and it seems you are in a hurry to complete the video asap..

[niharn]

again this is just theory what was explained in the video

[rudrathampi]

Sir cud u please explain in English also