Please read the following and determine if there is any audit risk present and if there is, explain what it is.

As the auditor for ANB Co (ANB), a trading company that sells electronics, you met with the client to identify relevant audit risks for the upcoming audit for the year ended on 31 Dec 2013. During the audit, you learned that the ANB has spent $80m purchasing a building at an estimated cost of $80m. You have asked the management of ANB who told you that they have come to the agreement on 15 December.