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Ethics & Audit Risk

Ethics                                                   Exam Requirement§  Identify and explain FIVE ethical risks§  For each ethical risk explain the steps which ABC Co should adopt to reduce the risks arising.Exam Technique§  Case study Line§  Identify Threat§  Explain ThreatWrite one or two safeguards and relate with the case study.E

Audit Risk & Response

Audit Risk and the Auditor’s ResponseAudit & Assurance exam includes a regular question on Audit Risk & the Response. The examiner may ask you to describe up to 8 Audit Risks alongside the Auditor’s response. That means 16 marks in total. It may be less for instance 5 or 6 risks, depending on the marks. A good thing is that this part of the exam can give you absolute marks if attempted with ca