Audit Risk Question

I don't understand your question, sorry

I mean to say when I find an audit risk in a question what steps/formate should I follow to explain the risk in writing? Standard explanation , risk discussion and it's impact(over/understatement )

It's certainly a good idea to explain it in writing ... any attempt to explain it in pictures would not be as successful! Identify the risk Explain how / why it's a risk Expand to detail the potential consequences if that risk were to crystallise Quantify ... if possible, although that quantification could be a major problem. I think that you would have to talk in generalities, something like: "If the risk were to crystallise the effect on revenue would most probably be so material as to put the future viability of the entity in doubt" But trying to put a $ value on it could prove to be impossible OK?

Thanks sir

You're welcome