Problem -
The company for this is Lockheed Martin Corporation
General Audit Concerns
- The requisite background you and your team will need to adequately audit this company.
- Time it will take to adequately audit this client.
General Business Concerns
- Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
- Are they a conglomerate with lots of disparate kinds of goods and services, or are they a simple straight-forward type of business operating in a relatively small location?
- Are operating supplies (such as jet fuel or specialty plastics) in short supply or subject to wild pricing swings on the open market?
- What about overseas operations - are they operating in dangerous parts of the world?
- How robust or intense is the competition in this particular industry?
- Has their top management recently been replaced and if so, why?
- Is seasonality a factor for this company? How does that affect revenue and other operations?