You Have Been Assigned as the In-Charge-Auditor for a New

question 62

Essay

You have been assigned as the in-charge-auditor for a new client, Beltair House. Beltair House is a non-profit charitable organization that operates women's shelter. In the past, the organization had been almost fully funded by the provincial government. However, due to recent government budget cuts, Beltair now has to raise operating funds from public donations.
Because of financial constraints, there is now only one full-time manager, Joan Ng. Joan has the help of several volunteers. The shelter residents also help out with the chores and with maintenance and cleaning. Ng has been able to arrange for a local food bank to provide a large portion of the food required for meals. Door-to-door canvassers have been able to raise money to keep the House going, but Ng is concerned that this will change.
Required:
Identify issues that affect the risk of this audit engagement that you will need to consider.

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Definitions:

Menstrual Cramps

Painful sensations felt in the lower abdomen that can occur before or during a woman's menstrual period.

Amniocentesis

A medical procedure used in prenatal diagnosis, involving the extraction of a small amount of amniotic fluid for testing.

No Risks

A situation or decision in which there is absolutely no possibility of negative outcomes or dangers.

Full Sense

Full sense refers to a complete or comprehensive understanding or realization of a particular concept, situation, or experience.