Please make a new one, you can use the following as a reference. http://www.chegg.com/homework-help/audit-strategy-memorandum-auditor-establish-overall-audit-st-chapter-4-problem-65ep-solution-9780077862343-exc

Thank you very much! (below is the format example)

Purpose: This audit strategy is intended to provide our responses to the risks identified for [insert company name] and generally detail the associated tests of controls and substantive procedures that will be required during the audit.

Background: Talk about what the company does and any pertinent information to help understand the company.

Issue(s): Discuss the risks here. Every 10-K that is filed with the SEC has a section that describes the various risks that a company may face.

Guidance: Discuss the assertions, test of controls and substantive procedures that you recommend that is consistent with the purpose of the audit strategy.

Conclusion: Discuss the audit approach that you recommend taking. Use the audit approach paragraph as outlined in Appendix B as a guide. Be careful not to restate this paragraph verbatim. You need to be creative to tailor your audit approach for your situation.

4.65 Audit Strategy Memorandum. The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan. In establishing the overall audit strategy, the auditor should develop and document an audit plan that includes a description of (a) the planned nature, timing, and extent of the risk assessment procedures, (b) the planned nature, timing, and extent of tests of controls and substantive procedures, and (c) other planned audit procedures that must be performed so that the engagement complies with auditing standards. LO 4-7 Required: Select a public company and determine a significant risk that could affect its financial statements. (Hint: Go to the EDGAR database at www.sec.gov and select the company's form 10-K. The 10-K will have a list of risk factors the company faces). Describe the risk and how it could affect the financial statements, including what assertions might be misstated. Prepare an audit strategy memorandum for the risk describing what controls the company might use to mitigate the risk, how you could test the controls, and what substantive procedures you might use to determine whether there is a misstatement Because this is early in your auditing class, do not worry about specific procedures; just be creative and think about a general strategy an auditor might use 4.65 Audit Strategy Memorandum. The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan. In establishing the overall audit strategy, the auditor should develop and document an audit plan that includes a description of (a) the planned nature, timing, and extent of the risk assessment procedures, (b) the planned nature, timing, and extent of tests of controls and substantive procedures, and (c) other planned audit procedures that must be performed so that the engagement complies with auditing standards. LO 4-7 Required: Select a public company and determine a significant risk that could affect its financial statements. (Hint: Go to the EDGAR database at www.sec.gov and select the company's form 10-K. The 10-K will have a list of risk factors the company faces). Describe the risk and how it could affect the financial statements, including what assertions might be misstated. Prepare an audit strategy memorandum for the risk describing what controls the company might use to mitigate the risk, how you could test the controls, and what substantive procedures you might use to determine whether there is a misstatement Because this is early in your auditing class, do not worry about specific procedures; just be creative and think about a general strategy an auditor might use