Internal Risk – Knowsia

AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

Question

Which one of the following is an internal business risk?

A A new competitor in the market

B Insolvency of a customer

C Poor working capital control

D Suppliers demanding tighter credit terms

Answer

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Tags: Business Risk, ICAG, Internal Risk, Working Capital
Level: Level 3

Topic: The audit approach

AAA – L3 – SA – Q1.6 – Business Risks

Identifying external business risk.

Question

The following are all business risks. Which is the odd one out?

A High financial gearing

B The rate of inflation

C Overtrading

D A dominant chief executive

Answer

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Tags: Business Risks, External Risk, ICAG, Internal Risk
Level: Level 3

Topic: The audit approach

Tag (SQ): Internal Risk

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AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

AAA – L3 – SA – Q1.6 – Business Risks

Identifying external business risk.

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AAA – L3 – SA – Q3.5 – Internal Business Risk

Identifying internal business risk.

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AAA – L3 – SA – Q1.6 – Business Risks

Identifying external business risk.

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