ACCT 605 Company Risk Analysis Due Friday June 14 You are part of the internal audit team for a large corporation. The CEO has come to your team about a potential acquisition of a publicly traded company. The company is outside your industry, but the CEO thinks it may be a good purchase. The CEO wants your team to gather information and conduct a risk analysis of the potential acquisition target. If the CEO decides to move forward with the potential acquisition, another team along with outside advisors will complete the due diligence and a recommendation on the price to pay for the target's shares. You will assess the risks that your target faces. The CEO mentioned something about the basic business risk model being a good place to start your analysis. The CEO wants you to capture who the current auditors are along with the amount of audit fees paid. The CEO also wants you to check for the type of opinion given for both the financial statements and ICFR. The CEO casually mentioned that the target's CEO and CFO may be overpaid and wants you to review their compensation. Since the target is in an unfamiliar industry, the