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As part of a five-year strategic plan, Ted Co obtained a stock market listing in December 2014. The listing and related
share issue raised a significant amount of finance, and many shares are held by institutional investors. Dougal Doyle
retains a 20% equity shareholding, and a further 10% of the company’s shares are held by his family members.this is part of j15 ted co. i cant seem to pick out an audit risk here. can you help me ?
From the information that you given me, the main risk jumping out at me is whether the company has sufficient knowledge of stock exchange listing rules to be able to avoid stock exchange sanctions
It also seems that one shareholder Dougal Doyle and his immediate family hold a significant influence
So then I looked at the question and discover that there are lots of risk areas
I also checked out the answer and there they all are listed out
Did you read the answer or are you asking purely about audit risks in relation to the information you have given me?
In specific answer to your post, only the stock exchange possible sanctions is an audit risk and the possible influence by the Doyle family could be another
OK?
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