An organization's risk control frameworks are not very useful to auditors for assessing risks at the company level and for auditing controls over financial reporting.

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An organization's risk control frameworks are very useful to auditors for assessing risks at the company level and for auditing controls over financial reporting. These frameworks provide a systematic approach to identifying, assessing, and mitigating risks, which helps auditors to evaluate the effectiveness of the organization's control environment.

An Organization's Risk Control Frameworks Are Not Very Useful to Auditors