1. Performing a risk analysis of one of the following aspects of a payroll department (for example, entering incorrect hours, pay rates, taxes, fictional employees) should include: threat, probability, calculation of risk, and the actions to take. How do you think the risk you identified can impact decision-making within the organization?
2. Often times, he works as an auditor for a large company and his computer crashed with a lot of data analysis work related to his current client. He has not created a backup of this data, but he intended to do so, but never succeeded. Looking at the AICPA Code of Professional Conduct, does he discuss what standards he believes may be violated and why?