Need help with my Accounting question – I’m studying for my class.
Please answer these two questions. This is the auditing assignment, please search the information online and analyze it, for example, 10-K form or 10-Q form.
Based on your understanding of the Company and its industry, what are the high-risk audit areas where you will focus your audit efforts? Ensure you provide explanation as to why a specific area is of a higher risk of misstatement.
What are the low risk audit areas? Ensure you provide details as to why in your judgment the audit area is low risk.