auditing client risk profile

Project Description:

you are the auditor assigned to audit the ontario lottery and gaming corporation (olgc). most certainly the olgc has been quite newsworthy in the past few months. you are in the very early planning stage of the audit.
the deliverables include:
1. in accordance with guidelines set out in the course textbook, the preparation of a client risk profile. be advised additional research on the “legal gaming sector”, will be expected. (5 marks)

2. based on the development of this client risk profile, and your accompanying research, you are expected to identity, and describe thoroughly, five (5) key entity-wide (control environment- refer to the coso framework) controls you would expect to see in place at olgc. you are also expected to explain why you believe the five controls you selected are important. be sure to justify your selection based on the concept of risk based auditing. (5 marks)

3. for each of these five controls you identified above, prepare in detail, the audit procedures you would use to test the adequacy of these controls. (10 marks)

4. select, and justify your reason (risk based), five (5) balances that you want to test, and for each, prepare all the required audit procedures. (10 marks)
grading criteria:
overall, criteria to be considered into your grade include: research depth.
· overall professionalism of the material submitted (is the material well organized, use of proper english).
· depth of content (are the audit procedures in alignment with the concept of due professional care – it is thorough, and easily understood, and could withstand the scrutiny of review by a senior audit manager or partner).
· clarity of thought (are the reasons for content of all deliverables, well justified, and understood?)
· also be advised there is a strictly enforced 12 page limit for this task (not including title page, bibliography, table of contents). exceeding this limit will be penalized by 5% per page over the limit. please use 12 pitch font size, double spaced.
Skills Required:
Project Stats:

Price Type: Negotiable

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