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Risk Analysis and Internal Controls Read the case of Richmond Inc. in Chapter 14, End of Chapter Activity 10 (f). Identify and describe at least

Risk Analysis and Internal Controls

Read the case of Richmond Inc. in Chapter 14, End of Chapter Activity 10 (f).

Identify and describe at least three risks.Specify the risk, then identify the sub-category of Brown?s Taxonomy. For each risk, suggest two internal controls to address it.DescribetheinternalcontrolasPreventive,DetectiveorCorrective.OrganizeyouranswerinaRisk/ControlMatrix.

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