On April 20, 2010, an oil rig in the Gulf of Mexico off the coast of Louisiana call the Deepwater Horizon had a blowout. The rig was owned by British Petroleum and operated by Transocean. based on the 60 minutes report (first link) and the short video from five years after the disaster (second link), answer the following questions

1.Should the auditors of BP have expertise in drilling?Why or why not?

2.Analyze the Control Environment of the oil rig and the parties involved based on the COSO model.

3.If you are the auditor of BP, what if any, impact do you think the blow out of the Deepwater Horizon would have on your audit?

4.What responsibility do auditors have for safety and/or compliance issues that are not directly related to the financial statements?

1.youtube.com/watch?v=XkGOukBrqgs

2.youtube.com/watch?v=pZKBDVurCdk