Selected company: Fisher & Paykel healthcare corporation

From the research you have conducted about the company, identify what you consider to be the 'key' inherent risk factors that may lead to any material misstatements in the client's financial statements for following financial period. You must identify at a minimum 4 (four) inherent risk factors from the research that you have conducted. To answer this question, you will need to identify the risk, explain which accounts and assertions are most at risk, and how you identified it as a risk and justify by thoroughly explaining why you believe that issue that you have identified may create a risk of misstatement in the financial statements of your client organisation. Specifically identify which accounts, balances or transactions and disclosures you believe are most likely to be materially misstated because of the identified inherent risks. You could use a simple template to outline your response in this section:

Inherent risk identified Accounts at risk Assertions at risk Explanation of the inherent risk, accounts and assertions at risk - High or Low risk