Question
I am doing an audit consideration report on Tesla and need help answering the following questions: What are the high-risk areas for Tesla (specific or
I am doing an audit consideration report on Tesla and need help answering the following questions:
What are the high-risk areas for Tesla (specific or pervasive risks)? For each risk, please describe how the risk could impact the financial statements.
o b. How will audit effort be allocated among specific geographical areas?
o c. Have you encountered anything in gathering your evidential material that suggests problems with internal control (Sarbanes-Oxley Section 404)?
o d. Comment on your proposed use of internal audit, outside specialists and specific areas of audit expertise (e.g., industry) needed to complete the audit.
o e. What form of auditors' report do you expect would be issued; what does it mean?
o f. Overall, to what extent do you believe it would be appropriate to select this client, in terms of its profits and the "client selection decision" discussed in the text?
Any help you can give would be greatly appreciated. Thank you for your time and effort.
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