As a senior internal auditor at Braxton$$s$,$ a global clothing manufacturer, you are responsible for reviewing audit findings, including activities deemed inappropriate or high risk, from the prior year to create a summary of risks throughout the business. This list of risks will be used during this year$$s audit risk assessment, which helps internal audit leadership determine which audits to plan next year. For each of the following business activities, identify the risks it creates.

The entire IT support team has access to all GL accounts.

Sales between intercompany departments are not identified.

Some transactions are not recorded in U$.$S$.$ dollars.

It is discovered that quarterly taxes have not been paid for two straight quarters.

General ledger accounts do not have clearly assigned account owners.

Because documents were not marked as paid, duplicate expenses were recorded for a period of three days.

Plans for a newly designed product are saved on a shared drive with no security.

The company benefits plan is canceled.

The monthly cost of vehicle insurance, which is paid in full as a yearly premium, was miscalculated.

Reviews of the inventory account are not occurring frequently.