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Tuesday, June 11, 2013

Risk Matrix

|Risk Identified | analyse Component |Audit argument |* Proposed Audit Response (in intend |Ref to Work | | | diversify | |Audit Program 3.4 ) | make | |1. Adoption of IFRS in 2004/05 go out need to | basis Plant & |Disclosure | stop consonant revelation notes and accuracy of | | |be discover in 2003/04 fiscal statements |Equipment | | revelation at final exam. | | | |Intangibles | | | | | | wear and tear Expense. | | | | |2. Potential inaccurate impinge on remnant sheet |N/A |Disclosure | potato chip contingencies disclosed in the | | |contingencies | | |accounts at final. | | |3.
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