Founded in 1924, the Kissimmee/Osceola County Chamber of Commerce (KOCCC) represents approximately 900 small, medium and large companies, organizations, and governments. From cattle operations going back generations to entrepreneurs just getting their companies started, the Kissimmee/Osceola County Chamber of Commerce includes virtually every type of business. KOCCC is your audit client. As part of the risk assessment phase, your Senior Manager has shown you the following visuals. Answer the questions below regarding what the dashboard Labor Statistics Kissimmee Osceola County says about the risk of this client. You can open the Tableau file in this problem statement with Tableau Desktop software. If you do not have a version of Tableau Desktop, you can open the file with Tableau Reader. Tableau Reader is a free download that allows you to open visualizations built with Tableau Desktop. To find a free download of Tableau Reader on the Tableau website, search for Tableau Reader in your internet browser

Why would data on the growth or slowdown of the labor force be relevant to the risk of the audit engagement for the Kissimmee/Osceola County Chamber of Commerce? If you were the auditor for a local municipality, what are some visualizations that you can do that could help you understand the client and make you aware of possible changes in the municipality that may affect the audit?

In assessing inherent risk in the valuation of your clients inventory, what value is there in looking at industry reports?