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You are a manager in charge of training recently-hired audit associates. One of the associates, Elle, asks you to explain how the knowledge of a

You are a manager in charge of training recently-hired audit associates. One of the associates, Elle, asks you to explain how the knowledge of a clients business and industry affects the auditors assessment of risk. You decide to use AT LEAST two of the following companies to illustrate how a clients business and industry relate to the various risks assessed in an audit:

  1. Exxon
  2. Amazon
  3. Six Flags
  4. Camping World

Prepare a short memo responding to Elles question. Assume this could eventually end up in training materials for your audit firm. Keep your response short (fewer than 200 words).

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