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MIND MAPPING CONCEPTS

What is 'Inherent Risk'


What is economic crisis
countering irregular accounting techniques
Management integrity
Corporate governance
Corporate culture
Control policies
Q: You have been chosen to undertake the analysis because you are familiar with the
industry in which the firm is situated and your fellow seniors believe this will give you an
advantage when uncovering the inherent risks of the new client. Your fellow seniors look
forward to reading your report. After you have given your report to the other seniors, they
decide that your team will be handling the audit. The second part of the assignment is to
give a briefing to your team about the new client.
You have been chosen to undertake the analysis because you are familiar with the
industry in which the firm is situated and your fellow seniors believe this will give you an
advantage when uncovering the inherent risks of the new client. Your fellow seniors look
forward to reading your report. After you have given your report to the other seniors, they
decide that your team will be handling the audit. The second part of the assignment is to
give a briefing to your team about the new client.

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