TESLA

Based on the background research and analytical procedures performed in Stages a$-$c$,$ summarize your observations about the companys business, including your assessment of the clients business risk. Prepare a broad audit plan: a$.$ Which transaction cycles are the high$-$risk areas? b$.$ Identify at least three risk areas in the audit of this company and describe: $(1)$ the risk; $(2)$ why you have assessed this as a specific risk; and $(3)$ how you would perform the audit to address this risk. c$.$ If management faced tremendous pressure regarding the entitys financial performance, what opportunities might exist for them to engage in fraudulent financial reporting?