13. Consult Paragraphs 710 of PCAOB Auditing Standard No. 12. Based on your understanding of risk assessment and the case information, identify three specific factors about Enrons business model in the late 1990s that might cause you to elevate the risk of material misstatement at Enron.

14. Consult Paragraphs 57 of PCAOB Auditing Standard No. 13. Comment on how your understanding of the inherent risks identified at Enron (in Question 13 above) would influence the nature, timing, and extent of your audit work at Enron.