1. What do the IoT companies produce? How has the digital age changed the production cycle?
2. How can processes, policies and controls related to a companys finance and investment cycle affect the companys cash flow, audit opinion, market share and stock price?
3. What can the audit team do in the planning stages of the audit to ensure the audit is completed in a timely and efficient way?
4. Why would people in the general public, who have not worked at, lend money to, invested in a company care about a companys audited financial statements and become concerned if the company is a going concern?
5. Why strong interpersonal skills, ethics and professional skepticism are important attributes for auditors and accounting professionals to have?
6. Why is it important that auditors familiarize themselves with the acquisition and expenditure cycle?