1. Identify nine different risks at the financial statement level. For each risk, identify a relevant substantive audit procedure and the specific audit assertion that is being tested. Ensure that these audit procedures you identify are specific to the case facts. Use a chart like the one below to structure your response.
Financial statement risk Substantive audit procedure Related assertion
Module 7 - Audit and Assurance Project
Jennifer has asked you for some business advice related to controls. Describe at least eight weaknesses in Charm's business processes, explain the implications of each weakness, and provide recommendations to reduce or eliminate the weaknesses. Use a chart like the one below to structure your response.