✔ 最佳答案
The so called 'risk assessment' only indicate the area that you should concentrate your efforts and it has no correlation to the amount of claim or legal liabilities. If you have committed negligence, then you pay out of professional indemnity. If you have an obvious negligence, you will probably be facing not only a claim but also disciplinary action from the HKICPA. In an assurance engagement, you can only perform or under perform and there is no guarantee that even you have undergone risk assessment, you will be risk-free.
Hope it can be of help!