Discussion Post: Advanced Auditing Risk Assessment
Choose a company that interests you and access their most current financial statements, MD&A and SEC filings. Using this information and any additional information you can gather about the industry, economy, and regulatory environment the company operates in complete a Risk
Assessment for the company's audit.
You should have multiple risks in each area. Risk areas may include competition, economic, industry, regulatory, environment, etc.
At a minimum, your risk assessments should include the following:
o Risk description
o Estimated impact (low med high) based on materiality
o Estimated likelihood (low med high)
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.