Select a company that has undergone an initial public offering within the last five years and obtain the prospectus (these are usually available on the company’s website, EDGAR for companies listed on the U. S. stock exchanges, or other information services). 

A. What is the business strategy and business model? 

B. Identify the strategic objectives. 

C. Identify the key critical risks. 

D. Discuss which of the critical risks identified in C. above the internal audit function should focus on and set as the highest priority, in order to provide assurance that effective controls are being implemented, to the Audit Committee and Senior Management.