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Can someone help me answer these questions and what the response and possible effect(s) on the audit could be, please? Questionnaire below for the company
Can someone help me answer these questions and what the response and possible effect(s) on the audit could be, please? Questionnaire below for the company called The Walt Disney Company:
*What is the level of competition in the industry and does this level of competitiveness present any risks for the entity?
*Do technological factors present any risks for the entity?
*Do general economic conditions present any risks for the entity?
*Does the regulatory environment present any risks for the entity?
*Does the legal/political environment present any risks for the entity?
*Do accounting principles, including those that are industry-specific or determined by a regulatory authority, present any risks for the entity?
*Do social/environmental factors present any risks for the entity?
*Are there any other external factors that present a risk for the entity?
*Does the entity set entitywide objectives and are they supported by strategic plans?
*Does the entity have clear objectives in terms of a budget, profit, and other financial and operating goals?
*Does the entity have an entity risk assessment process that includes estimating the significance of the risks, assessing the likelihood of their occurring, and determining the actions needed to respond to the risks?
*What key performance indicators does the entity use to measure performance?
*Does the entity benchmark its performance against its industry and major competitors?
*Does the entity consider financial analysts research and earnings reports?
*Are there communication channels within the entity for individuals to report suspected improprieties?
*Does the entity have an internal audit function?
*Does the internal audit function have a charter?
*Who does the chief audit executive report to?
I'm unable to upload annual reports, form 10K, and proxy materials but the information can be found on the company's website.
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