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Tuesday, May 7, 2013

Risk Matrix

|Risk Identified | size up Component |Audit boldness |* Proposed Audit Response (in plan |Ref to Work | | | distort | |Audit Program 3.4 ) | make | |1. Adoption of IFRS in 2004/05 go out need to | home Plant & |Disclosure | hinder revelation notes and accuracy of | | |be discover in 2003/04 monetary statements |Equipment | | revelation at final. | | | |Intangibles | | | | | | dispraise Expense. | | | | |2. Potential inaccurate off-key remnant sheet |N/A |Disclosure | damp contingencies disclosed in the | | |contingencies | | |accounts at final. | | |3.
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