Purpose:The purpose of this assignment is to explain the audit risk model and how a client’s business risk and control environment relate to the audit risk model.Include the types of procedures (i.e., audit tests) you could use to establish IR, CR, and DR.
Audience:You are a senior auditor with a public accounting firm.The training partner has asked you to prepare this memos as a training tool for junior auditors just joining the firm.
Format:You should format this document as a short memorandum.It should contain a title, an introduction, body, and conclusion.Please do not label sections.
Requirements:There is no required length. However, a comprehensive memo will probably contain multiple paragraphs supporting the main idea.
