Critically analyse the risks you would envisage in looking at a fast-food manufacturing company in terms of signing off an audit.
Question 2 – 500 words
Critically analyse the risks you would envisage in looking at a fast-food manufacturing company in terms of signing off an audit. Look specifically at areas where the greatest risks lie and make suggestions as to how they can be negated.
Notes – look at this from an auditor point of view, what would you look at and what would you consider? For example, sell by dates, sourcing issues, increase in costs due to economic issues such as current war and post covid. Are they complying with minimum wages and employment laws? Also consider risks from internal point of view, staff thefts/fraud and internal controls.
