Discussion Topic: Assessing Industry Risks

When conducting an audit, there are various types of risk that must be assessed by the auditor at all phases of the audit process. You will begin in this discussion by reviewing "your company choice" waste management- final project). You will select the industry of the company you have chosen for your final project to complete this discussion. Please discuss how you will incorporate a risk assessment into your audit plan. Be sure to mention inherent risk, control risk, and detection risk as part of the audit risk model.