Assignment Requirements

Billy Bromus (the Audit Partner) and Graeme Moore (the Audit Manager) would like your team to present to them the key risks you have identified so far in your audit.

Working as a team prioritise the identified risks, you have selected three control risks that you feel are key to the audit. For each risk:

• Identify the control risk
• Describe the factors that led you to identify the control risk
• Explain why you feel it is a key control risk
• Describe what testing you would plan to do to address the control risk