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Is this considered an audit risk

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Question - Assume that there has been steady growth in sales in recent years and in April 20X1, the company acquired the premises next to its current workshops to enable them to expand their manufacturing capacity. The new premises are not yet in use as they are currently undergoing a significant refurbishment in order to make them suitable for use by the company. This acquisition was funded by a bank loan, repayable in monthly instalments over 15 years.

Is this considered an audit risk? If so what could be done to lower the risk and what type of audit risk is it?

Reference no: EM132982497

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