Act as if you were the Auditor for your current client and perform the following:

Client is: Toyota

Read the Managements discussion and analysis (MD&A) and the critical audit matters (CAMS) per the audit opinion of the latest previous two years audited financial statements and discuss the following:

1. In the MD&A: what were the most significant areas of focus and how should management deal with them? Do you agree or disagree with their approach?
2. In CAMS: summarize how the auditors are addressing the audit matter? Please list in detailed the audit procedures that your company would perform. In your response, please include the Auditing Standards to follow.