Larry and Hank are employed by one of the Big Four CPA firms.

Both have recently earned their CPA licenses, however, and are considering starting their own practice.

Using Brown’s risk taxonomy, identify and describe at least five risks Larry and Hank must be aware of if they start their own business.

For each risk you identify, suggest one or more internal controls that could ameliorate it.

EDIT:

there is no more clarity. this is the entire question.