Answer the following questions based on Adidas's Annual Report for 2022:

1. What is the level of competition in the industry and does this level of competitiveness present any risks for the entitiy? List a response and then the possible effect(s) on the Audit.

2. Do technological factors present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

3. Do general economic conditions present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

4. Does the regulatory enviornment present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

5. Does the legal/ political environment present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

6. Do accounting principles, including those that are industry-specific or determined by a regulatory authority, present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

7. Do social/ enviornmental factors present any risks for the entity? Provide a response and then the possible effect(s) on the audit.

8. Are there any other external factors that present a risk for the entity? Provide a response and then the possible effects on the audit.

Thank you!