Unformatted text preview: 6. Use the following columnar headings in completing this requirement: • Risk Factor - Identify the factors (five ) – E.g. Lack of surveillance cameras • Impact on the Risk of Fraud - Implications to the organization because of the risk factor – E.g. Employee theft may remain undetected (more Krispy Kreme® donuts are consumed by employees than by customers) • Evidence and Auditor Actions – Assess impact on control risk and auditors reaction to these weaknesses in internal control 7. Complete as stated. 8. You must also submit: • A printed copy of the ATB trial balance • A copy of Student's Time Budget.xls • The completed Client Acceptance and Continuation Form.doc • The completed Assessing Overall Audit Risk.doc DO NOT PREPARE A MANUAL WORKING TRIAL BALANCE...
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- Spring '08
- Accounting, ATB trial balance, Audit Planning Exercises