Alpine Cupcakes - Risk Management Module

Q4. Evaluate the other aspects of the Audit Risk Assessment memo (workpaper B.2.1.) In particular, review the auditors application of the audit risk model and brainstorming processes. Describe any problems you find and provide suggestions for improvement. Identify and document any additional problems you discover with the memo. This question relates to Step 3 of the Garcia and Foster Audit Plan.

Q5. Evaluate the preliminary analytical procedures completed by Garcia and Foster, CPAs (workpaper B.3.1 to B.3.3.) This question relates to Step 2 of the Garcia and Foster Audit Plan.

a. Determine if the analyses of account fluctuations were appropriately performed and completed (workpapers B.3.1. and B.3.2.). Review the explanations of account fluctuations provided b auditors. Describe any problems you identify.

b. Determine if the ratio analysis (workpaper B.3.3) was appropriately performed and completed. Review the explanations of ratio fluctuations provided by the auditors. Describe any problems you identify.