You are to describe issues in the audit that you will face as the new auditor. You are to identify the risks that the company faces as well and how these risks will affect the audit and how you will mitigate the risks. For example, if Ford Motor Company has overseas manufacturing plants which produce inventory—what approach will you take to observe the inventory that is in the U.S. and overseas? What will you include in your audit plan? What are the risks related to inventory?
The deliverable is to be eight to ten pages, single-spaced, with APA format for citations and references. You must include graphics/charts in your paper. You must provide a good background of the company and the industry.
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