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Managing Audit Risks and Responses

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seong040616
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7 views1 page

Managing Audit Risks and Responses

Uploaded by

seong040616
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Audit Risk

1. Audit Risk: Employed Inexperience auditor as we are student


Audit response: Employ more experience auditor

2. Audit Risk: Quality of products


Audit Response: Having a emergency power supply system or machine to
avoid power outages, minimizing any negative impact on product quality.

3. Audit Risk: New accounting system being apply at year end


Audit Response: We may have to test the accuracy and reliability of the
system, evaluated internal controls and security procedures implemented for
the process of transferring information to new system.

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