Business, 26.03.2020 19:56 taesthetic11

The following 3 questions consists of a number of items pertaining to an auditor's risk analysis for a company. Your task is to tell how each item affects overall audit risk (increase overall audit risk, decrease overall audit risk, or have no effect on overall audit risk. Discuss your reasoning). Bond, CPA, is considering audit risk at the financial statement level in planning the audit of Toxic Waste Disposal (TWD) Company's financial statements for the year ended December 31, 2014. TWD is a privately owned company that contracts with municipal governments to remove environmental wastes. Required:
Based only on the information below, indicate whether each of the following factors (Items 1 through 15) would most likely increase overall audit risk, decrease overall audit risk, or have no effect on overall audit risk. Discuss your reasoning.

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