Risk identification and impact for Unqualified expenses are capitalized to fixed assets instead of recording expenses in P&L statement

Risk identification and impact for No recognition of disposal assets

Risk identification and impact for Mortgaged assets for a loan

Risk identification and impact for Changing depreciation time and method due to incentive or profit pressure

Risk identification and impact for Fixed assets are revalued due to pressure from loan covenant

Response to risk of Fixed assets does not exist at auditing time

Response to risk of Unqualified expenses are capitalized to fixed assets instead of recording expenses in P&L statement

Response to risk of No recognition of disposal assets

Response to risk of Mortgaged assets for a loan

Response to risk of Changing depreciation time and method due to incentive or profit pressure

Response to risk of Fixed assets are revalued due to pressure from loan covenant

Risk identification and impact of Customer are under difficulties of finance or long outstanding receivable balance

Response to risk for Customer are under difficulties of finance or long outstanding receivable balance

Risk identification and impact of

AR days/period increase

AR growth is higher than sales

High profit with low cash position

Management has significantly extended the credit terms given to customers

Response to risk for

AR days/period increase

AR growth is higher than sales

High profit with low cash position

Management has significantly extended the credit terms given to customers

Risk identification and impact of Reconciliations are performed not regularly

Response to risk for Reconciliations are performed not regularly

Risk identification and impact of Online sales with system errors/Website has encountered difficulties with recording sales

Response to risk for Online sales with system errors/Website has encountered difficulties with recording sales

Risk identification and impact of Customers require a refund /Refund term included in the contract

Response to risk for Customers require a refund /Refund term included in the contract

Risk identification and impact of Deposit income

Response to risk of Deposit income

Risk identification and impact of Employee bonus based on sales

Response to risk of Employee bonus based on sales

Risk identification and impact of

Decrease in inventory value

Long outstanding inventory

Defects discovered in current inventory

Response to risk of

Decrease in inventory value

Long outstanding inventory

Defects discovered in current inventory

Risk identification and impact of In appropriate costing method or outdated cost standard

Response to risk of In appropriate costing method or outdated cost standard

Risk identification and impact of In some specific work, value of WIP is challanging

Response to risk of In some specific work, value of WIP is challanging

Risk identification and impact of Inventories locate in many locations

Response to risk of Inventories locate in many locations

Risk identification and impact of Buying goods with long time transportation

Response to risk of Buying goods with long time transportation

Risk identification and impact of Physical count without production cessation

Response to risk of Physical count without production cessation

Risk identification and impact for covenant pressure

Response to risk of covenant pressure

Risk identification and impact for Current portion of a long-term loan and pressure to improve liquidity ratio

Risk response of Current portion of a long-term loan and pressure to improve liquidity ratio

Risk identification and impact for Interest expense

Response to risk of Interest expense

Risk identification and impact for Unfair dismissal employee sue company (công ty bị kiện)/Warranty (bảo hành)

Response to risk of Unfair dismissal employee sue company (công ty bị kiện)/Warranty (bảo hành)

Risk identification and impact for Provision of redundancy (trích lập dự phòng trợ cấp thôi việc)

Response to risk of Provision of redundancy (trích lập dự phòng trợ cấp thôi việc)

Risk identification and impact for Other fines or penalty

Response to risk of Other fines or penalty

Risk identification and impact for New accounting system run parallel with the existing one

Response to risk of New accounting system run parallel with the existing one

Risk identification and impact for New executive (CFO, accountant,..) are appointed arounf the reporting date

Response to risk of New executive (CFO, accountant,..) are appointed arounf the reporting date

Risk identification and impact for Management's bonus and incentices are calculated based on profit

Response to risk of Management's bonus and incentices are calculated based on profit

Risk identification and impact for Management's bonus is required to disclosed on FS

Response to risk of Management's bonus is required to disclosed on FS

Risk identification and impact for First year audit/New client

Response to risk of First year audit/New client

Risk identification and impact for

Cash flow issue

Main customer/supplier issue

Executive personnel issue

Response to risk of

Cash flow issue

Main customer/supplier issue

Executive personnel issue