1. Discuss information risk and gives examples on how an audit can result in substantial savings in the entity 2. Discuss why a non-public corporation would spend money to have a CPA firm audit its financial statements 3. Contrast the the audit of a corporation and the inspection of a house by a home inspector . Define audit risk and discuss how the auditors report deal with the issue. 5. Discuss two events that caused congress to pass the Sarbanes Oxy! Act 6. What did Sarbanes Oxley Do to alter the view that management is the client