FACULTY OF BUSINESS ADMINISTRATION

DEPARTMENTS: ACC & FIN

COURSE CODE: AF 314 : AUDITING AND INVESTIGATION

LECTURER: CPA ABUBAKAR M. ABUBAKAR

ACADEMIC YEAR: 2021/2022

MEMBERS

SN NAMES COURSE REG

1 ABUBAKAR SHAFI MRISHO ACC & FIN 19201018

2 SALIM JUMA MAALIM ACC & FIN 19201022

3 ABDALLA ISSA KARA ACC & FIN

4 LULU SALAHDIN MOHAMED ACC & FIN 19201047

5 YUSRA MOHAMED MABROUK ACC & FIN 19201006

6 KHAIRAT SAID KHAMIS ACC & FIN 18201025

7 FATMA MADAI MZEE ACC & FIN

QUESTION:

Business Risks In Transport Industry

Business risk refers to anything that threatens a company's ability to achieve its financial goals,
that is considered a business risk. Business Risks In Transport Industry include the following:

1. Distracted Driving—Distracted drivers are nearly three times more likely to be involved
in a collision. Operating big rigs and other complex vehicles already require the driver to
multitask. Taking calls or any other distraction can lead to deadly circumstances. 

2. Fatigue—Reaction times, awareness, and decision-making abilities fall by as much as 50

percent when someone is sleep-deprived.
3. Slips and falls—Falling accidents are more prevalent in the winter or during inclement
weather. But, falls and slips can occur at any time of the year. 
4. Lack of vehicle inspections—Not conducting regular vehicle walkarounds can lead to
essential issues going unnoticed.
5. Driver shortages—Veteran drivers are spending more time on the road in order to keep
up with demand. This can lead to fatigue. 
6. Changing conditions—Failure to recognize changing environmental and road conditions
lead to a slow response time that can result in an accident. 
7. Cyber Attacks—As technological advancements become part of automation and route
planning, there’s more opportunity for hackers to disrupt the supply chain.
8. The emerging of technological change
9. Deteriorating Infrastructure .i.e some of them are increasingly dangerous for vehicles e.g
highways, etc