Prepare a broad audit plan for Netflix, Inc.

• What material types of transactions and transaction cycles are involved?
• What are the high-risk areas? Would you consider any of these risks to be significant risks?
• What are the low-risk areas?
• If management faced tremendous pressure regarding the entitys financial performance, what opportunities might exist for them to engage in fraudulent financial reporting?
• To what extent do you believe it will be appropriate to reduce assessed control risk?
• How will audit effort be allocated among geographical areas?
• What form of auditors report do you expect will be issued; what does it mean?