Prepare a memo in which you assess the three audit risks; IR, CR, and AAR as Low, Medium or High Include the documents used to assess those risks. Also include any comments you feel that are necessary to clarify your assessments.

INTERNAL CONTROL - Control Risk Matrix Revenue Cycle Client: Lakeside Revenue Transaction.Related Audit Ohjectives lustemal Coctrol Occunt Comple Accu ne teme: Posting Classif Timing: and cautions Summa Sales d ecoded on De precumbered forms cica Credit is approved by Rogers Rooorded sales are supported Ny authorized shipping and orders Price list controls the prices and are checked independently. Stalcmcuts are mailod monthly P D Miller has access to orders, billing D und accounting No review by independent partics P P T Tweed Control Risk C = control, D = deficiency H = high risk, M = moderate risk. L= low risk Note: each deficiency needs to be evaluated by identifying compensating controls, potential misstatements, materiality and the effect on audit evidence. INTERNAL CONTROL - Control Risk Matrix Revenue Cycle Client: Lakeside Revenue Transaction.Related Audit Ohjectives lustemal Coctrol Occunt Comple Accu ne teme: Posting Classif Timing: and cautions Summa Sales d ecoded on De precumbered forms cica Credit is approved by Rogers Rooorded sales are supported Ny authorized shipping and orders Price list controls the prices and are checked independently. Stalcmcuts are mailod monthly P D Miller has access to orders, billing D und accounting No review by independent partics P P T Tweed Control Risk C = control, D = deficiency H = high risk, M = moderate risk. L= low risk Note: each deficiency needs to be evaluated by identifying compensating controls, potential misstatements, materiality and the effect on audit evidence