Larry and Hank are employees of one of the leading accountingfirms, CPAs. The two have recently obtained their licenses ascertified public accountants, CPA, however they are consideringstarting their own accounting practice.
Using Brown's risk taxonomy, identify and describe at least fiverisks that Larry and Hank must take into account if they plan toopen their own business. For each risk you identify, suggest one ormore internal controls that may lessen it.
