List at least five risks that may be present in a company, and that may be associated

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List at least five risks that may be present in a company, and that may be associated with material misstatements in the company's financial statements. Does the existence of one or more of these risk factors necessarily mean that there is a material misstatement present? What does the presence of one or more of these risks imply in terms of planned audit work?
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Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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