KSU sells cars across the country and experiencing increased competition now a days therefore decreased its selling prices significantly since September 2015. During warehouse visit, you have noticed high level of inventory. You also noted that a key Customer informed KSU that he will make payments after 8 months as he is facing financial crises. No provision or allowance for doubtful against Receivables recorded in Books of Accounts. The CFO terminated after 10 years in October 2015 and he threatened to file a case against KSU due to unfair termination. His Position was not filled and his tasks are assigned to other Team Members in the Department. Also Purchasing Supervisor resigned in August 2015 and new person hired in January 2016. Therefore during this period no Suppliers Account Reconciliations prepared or checked. Also you have notice significant decrease in Administration Expenses during the year. You are hired to perform Risk Assessment of KSU Co for the year ending 31 December 2015.

Required:

Explain FIVE audit risks in KSU Co.