Auditing
1The audit fiim of puC evafuafes the sk of material Missta fement by disagaregating the...
1The audit fiim of puC evafuafes the sk of material Missta fement by disagaregating the trtal risk into Hs main Components and SubComponents B Inherent riK Control resk Detecfin Compluance Operational risk ant 6 Finance Requinds for each of 1te SCenarios be la, select the Component tsk that (s most used ance as Indicated be (ows duectly illustrated. The Compone nts mey be more than mce om not at all Aso Suggert the nancial Statement and has he auditor the nsk C 26 effect on tha maht mitigate an may use the follasing mat of table to answer Scenarto fect on the financial Statement ae risK Comporent rSK How to reduce 1.A Client faits to dascover employee fraud na because banc accunts are nat reconciled monday 2. he Client's businesr Mainy deals wlt Cash sales which is tmely basis more Susceptiale to theft than Credit Sales 3 Confirmation o receivables by a new staf fails to detect a material misstafe ment 4Disbursements Lpayouts have occurred wthout Proper agprovel sThere is inadequafe Segtegaton o dutes in the payroll Sectcon 6-Technological developments make a mador produ olsolete The clien+ s vey close to v(olahng debt Convenants. Xz Compmya Capital to Continue eperatons clieat lacts Su Chent worKug