Michael Caro, Jr., CPA, CFE authors article titled, 5 Risk Assessment Challenges for Audits in the Fall 2021 edition of New Jersey CPA. The article discusses five risk assessment challenges including: (1) Documenting inherent risk, (2) Sufficiently testing the controls (3) Using relevant assertion level (4) Assessing all significant audit areas, and (5) Providing proper documentation.  The article can be found on Pages 16 and 17 below: