You have recently been appointed as a trainee chartered accountant at Shuster Whitehouse LLP, a Manchesterbased accounting partnership. Following your induction, a senior partner has asked you to undertake a risk review of the computer-based accounting information system of Bepolo Ltd. The company is a small local electrical retail company with an annual turnover of £1.2m and an annual net profit of approximately

£700,000.

Required Describe and explain:

n the primary and secondary sources of risk, and n the main types of risk, a small local retail company such as Bepolo Ltd would be subject to.