In relation to the purchasing of equipment and spare parts, describe two business risks to MSL that Crampton and Hasaad will consider in planning the 2015 audit

In relation to the purchasing of equipment and spare parts, describe two business risks to MSL
that Crampton and Hasaad will consider in planning the 2015 audit
ANSWER
1. Risk of excessive maintenance and wear and tear of the equipments – Whenever new
equipments are purchased, there is a need to analyze the impact on the long term costs of
the entity. Some equipments are too costly to maintain and if they are not maintained
properly on preventive...