I am testing controls in an audit for a company.

For each question I need to:

1.) Document the risk that the control is addressing

2.) Create a set of audit procedures for these controls to complete the audit program

My Question Is:

For a control, the Accounts Receivable subledger is reconciled monthly into the General Ledger by the Accounts Receivable clerk and reviewed by the director of accounting.

For this control, what is the risk this control is addressing and what would my audit procedures be for this control?