Discuss two audit risks that are applicable to Afterpay. Design the audit procedures that you would undertake to complete the audit to minimise the audit risks you have identified in a).

1. Discuss two audit risks that are applicable to Afterpay.

Note:   Audit risks refer to possible scenarios that auditors issue an inappropriate opinion.

Audit risk 1:

Audit risk 2:

1. Design the audit procedures that you would undertake to complete the audit to minimise the audit risks you have identified in a).