Module 02 Project – Risk Assessment

Choose a company that interests you and access their most current financial statements, MD&A and SEC filings. Using this information and any additional information you can gather about the industry, economy, and regulatory environment the company operates in complete a Risk Assessment for the company’s audit.

You should have multiple risks in each area. Risk areas may include competition, economic, industry, regulatory, environment, etc.

At a minimum, your risk assessments should include the following:

  • Risk description
  • Estimated impact (low med high) based on materiality
  • Estimated likelihood (low med high)

Use an Excel table to present your risk assessment. This workbook will then become your audit working papers.

This is an individual assignment.

Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Excel spreadsheet. (Mac users, please remember to append the “.xlsx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: