Initial stage of the audit plan and preparation

Reference no: EM131034021 , Length: word count:1500

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.

7 references.

Reference no: EM131034021

Questions Cloud

Organizations are becoming increasingly decentralized : Experts say that organizations are becoming increasingly decentralized, with authority, decision-making responsibility, and accountability being pushed farther down into the organization. How will this trend affect what will be asked of you as a new ..

A fence must be built to enclose a rectangular area : A fence must be built to enclose a rectangular area of 45,000 ft^2. Fencing material costs $4 per foot for the two sides facing north and south and $8 per foot for the other two sides. Find the cost of the least expensive fence

What is the definition mandel brot set : What is the definition mandel brot set and who discovered the theory

Implications of government fiscal and discretionary policies : Develop the ability to understand how economy-wide or regional economic forces affect decisions of senior business managementofficials in the private sector.

Initial stage of the audit plan and preparation : 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

Post the name of your company in the sec 10-k company : You will be asked to select a company that is publically traded. You must research and secure the SEC 10-K Annual Report for the most recent year. Post the name of your company in the SEC 10-K company for my approval in the week 1 Discussion

Design a data warehouse for chemist warehouse : Design a data warehouse for Chemist Warehouse using multidimensional Modelling - What particular product is most popular across nation, what is the total sales in past 3 years?

Explain how these findings support your position : Following the summary you will want to express your informed perspective (i.e. point of view/position) on this topic, using information from the Feldman and Guest texts as well as the primary source empirical research article to support your posit..

What the fundamental view is that the author presents : Determine what the fundamental view is that the author presents with respect to the issue you've selected. You immediately ought to be able to think what the "answer" is.

User Account

All Pages