Business and Audit Risk Analysis- You are to perform a BUSINESS RISK ANALYSIS for the company for the latest financial year, Singapore

COURSEWORK QUESTION

Choose any public listed company and assume you are the audit senior assigned to perform the audit of the company.

You are to perform a BUSINESS RISK ANALYSIS for the company for the latest financial year and report how this might affect you as an external auditor in your risk assessment.

As part of this business risk analysis, you should consider:

1. 1. Risk that the business is exposed to.

You can consider the following Internal and external factors:

1. • Organisational factors e.g. ownership structure, relationship with customers and clients, operations and international business
   • Critical issues facing the industry e.g. level of competition, product or service reputation, level of government regulations etc.
   • Issues where business is susceptible to e.g. interest rate/ exchange rate impact, economic crisis etc.
2. How do these business risks translate to audit risk for an auditor? For EACH of the risk factors discussed, you are required to describe the effect of these factors on your assessment of audit risk.
3. Explain the procedures an auditor needs to consider to reduce his overall risks caused by the above factors.

KOH BROS http://www.kohbrothers.com/images/finance/koh%20brothers%20annual%20report%202017.pdf

Keppel Corporation Limited
http://www.kepcorp.com/annualreport2017/theme/default/doc/financial-report/financial-full-report.pdf

Kindly use the two company above to do the coursework.