Project Requirements

Report Content: Target Corporation

$[1]$ Your understanding of the company & environment:

$($You may use AI to supplement your research for this part of the project$)$

$$ Describe the company:

Its business model, important corporate initiatives and strategies, future goals, significant accounting policies.

$$ Graph or tabulate the company$$s financial performance to date:

Revenues, earnings, EPS, and other key performance indicators for the prior $3$ years and most recent quarters.

$$ Describe the company$$s industry:

Trends in industry performance, performance of main competitors, sensitivity of the industry to economic factors.

$$ Other factors important for risk assessment:

Management$$s incentives & pressures and opportunities for FFR$,$ important news events.

$[2]$ Your identification of risk factors and assessments of I$/$R & fraud $($primarily FFR$)$ Risk:

$($AI is not to be used on this part of the project$)$

$($a$)$ Discuss the risks at the overall F$/$S level $($from understanding the company & environment$).$

$($b$)$ Discuss the risks at the account level $($for four $(4)$ significant accounts from the Balance Sheet ~ consider

the nature of the accounts and accounting policies when making these assessments$).$

$($c$)$ Discuss the risks at the assertion level $($i$.$e$.,$ for each account in $($b$)$ above, identify the specific financial

statement assertion$($s$)$ impacted by the risks of material misstatement identified$).$

$($d$)$ Justify your team$$s identification and assessment of the risks discussed in $($b$)$ and $($c$)$ above by

precisely explaining why you believe each item will require significant audit effort.

$($You may integrate these explanations with the above.$)$

Appendices:

The report must include the following from the most recent annual F$/$S:

$$ Auditor$$s Report

$$ Comparative Balance Sheet, Income Statement, and Statement of Cash Flows

Note: Do not attach the F$/$S footnotes or submit the entire Form $10$K with your written project.