Based on your work, did you discover any additional or different risks that you had not already identified in the list you developed in Part 1 of the case? For purposes of this question only, assume that your audit team's findings discussed in this exercise represented the full year (instead of only one month). What are the potential implications for each audit report opinion? The audit report on internal controls: The audit report on the financial statements: Do you think the use of process mining to complete select audit procedures is something that the audit profession should pursue and could benefit from? Explain.

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Additional Risks Identified Through Process Mining Based on the analysis using process mining assuming it covered the full year additional risks not identified previously might include Inefficiencies ... View the full answer