High-Risk Audit Areas
November 8th, 2022
Please help me Write a paper of approximately 750-900 words that answers the following:
In preparation for the meeting with the potential client’s CFO, you plan to identify several high-risk audit areas in the company’s financial statements that you will discuss. Using the company’s latest annual report, pick at least three areas that you consider high risk, and consider the overall audit strategy and procedures that you would employ in those areas, including tests of controls and substantive procedures. Write a memorandum on each area, explaining why the area is high risk, and the types and extent of procedures you plan to use during your audit. Any company can be selected.