Audit memo paper (Audit Risk and control environment)

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.

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