- What kinds of risk assessment procedures should an auditor perform when assessing inherent risk?

- Briefly list and describe some sources of information auditors use to assess risks.

- What are some of the key elements of the risk assessment process that must be carefully documented?

- Briefly explain how the auditor is supposed to respond if they find out that their client has broken the law.

- What is an audit strategy memorandum, and what does it typically contain?