Choose a company that interests you and access their most current financial statements MD&A and SEC filings. Using this information and any additional information you can gather about the industry economy and regulatory environment the company operates in complete a Risk Assessment for the company’s audit.
You should have multiple risks in each area. Risk areas may include competition economic industry regulatory environment etc.
At a minimum your risk assessments should include the following:
Use an Excel table to present your risk assessment. This workbook will then become your audit working papers.