Compile a risk assessment report on the firm

Assignment Help Auditing

Reference no: EM131031819 , Length: word count:1500

AUDITING ASSESSMENT REPORT-

You are a senior auditor in the firm of EA Partners. The firm has decided to take on a new client and has requested you to compile a risk assessment report on the firm, as part of the initial stage of the audit plan and preparation. You have been chosen to undertake the analysis because you are familiar with the industry in which the firm is situated and your fellow seniors believe this will give you an advantage when uncovering the inherent risks of the new client. Your fellow seniors look forward to reading your report. After you have given your report to the other seniors, they decide that your team will be handling the audit. The second part of the assignment is to give a briefing to your team about the new client.

Task: Chose an industry with which you are familiar. You may be connected to the industry because of a family business, you may have worked in the industry or you may be very interested in the area. You are required to build a risk assessment of the new firm using any research means at your disposal; however you should include in your research information released by the media (news, newspapers, and industry magazines) and academic information. After you have uncovered the relevant inherent risks, you are required to suggest suitable controls that may mitigate the impact of those risks on the firm.

6 reference.

Reference no: EM131031819

Questions Cloud

Free advertising as they define public relations : Many companies with small budgets mistakenly think they can use "free" advertising as they define public relations. Indeed, some companies do rely only on public relations only if the unique selling proposition is so newsworthy that the news media wi..

What tension tin the cable will be required : The 1200-lb trunk has a cen- ter of gravity at G.The felling notch at Ois suf?- ciently large so that the resisting moment there is negligible.

Personal computer using the charlie chaplin-like character : Can you think of an IMC campaign? Progressive is one example, but there are plenty out there. Feel free to go back in history and think of campaigns like IBM's launch of the personal computer using the Charlie Chaplin-like character or Coke's I'd Lik..

Identify the price of the product and market structure : Homework #4 EconS Find a real-life example of a patent awarded in the U.S. during the period 2008-2014. Explain the characteristics of the invention and discuss its impact on the market. Identify the price of the product, market structure and comp..

Compile a risk assessment report on the firm : You are a senior auditor in the firm of EA Partners. The firm has decided to take on a new client and has requested you to compile a risk assessment report on the firm, as part of the initial stage of the audit plan and preparation

Employees has an attitude problem : Suppose you are a manager in a customer service organization. Your group includes seven supervisors who report directly to you. Each supervisor manages a team of seven customer service representatives. She has requested that Joe be transferred to ano..

Which of the unruly passengers will hit the earth first : (A) The Air France passenger(B) The United Airlines passenger(C) Neither They will both hit the ground at the same time(D) Impossible to determine The answer depends on which passenger is heavier

Violet in regards to management and marketing approaches : Violet is converting an empty warehouse into an upscale designer clothing store. Your team has been hired to assist Violet in launching her business. Your team has been tasked with providing recommendations to Violet in regards to management and mark..

Describe how that information changed your emotions : Identify one life stage that was emotionally difficult for you to read about because of memories that it triggered or because you were experiencing a life crisis at the time you were reading about that. Why was it difficult and how did reading abo..

User Account

All Pages