Auditors gather information from a variety of sources, including 10-K reports, to help assess risk and identify significant accounts and relevant assertions. 

Required: 

You are performing risk assessment procedures for Apple Inc. One source of information you will use to help assess risk and identify significant accounts is Apple’s most recent 10-K filing. Go to the sec.gov website and search for Apple Inc.’s most recent 10-K filing. Read through the Item 1, Business, and Item 1A, Risk Factors, sections. Based off this discussion, what accounts do you believe might be susceptible to misstatement and why?