Case 2.9 Powder River Petroleum International, Inc.

Identify the primary audit risk factors that were evident within Powder River's operations. Briefly explain the significance of each.

There are a couple of approaches that you can use to respond to the question. One approach is to identify audit risk factors and explaining their significance. Alternatively you could approach it by identifying risk factors and linking them to the components of the fraud triangle (incentives/pressure, opportunities, attitudes/rationalizations).