With your instructor's consent, identify a company and perform a background review of it to identify high-risk areas for an upcoming audit. Utilize all the electronic sources that have information available about the company. Obtain the latest financial results, either from the company's home page or from EDGAR at the SEC website. If your group chooses a local company, consider arranging an interview with the firm's controller to find out more about its operations.

Required
Prepare a detailed analysis of risk for the company, and discuss the implications of the risk areas for the audit of that company. In preparing the analysis, be sure to include:
- Business strategies.
- Key competitors.
- Industry trends.
- Key business proceses.
- Financial resources and availability.
- Major risks.
- Implications of those risks for the conduct of the audit.