Briefly, summarize the primary auditor considerations during the completion stage of the audit.

M: Running on Empty? Founded in 1908, General Motors Corp. (GM) is truly an iconic American corp 1931 through 2008, GM was the world's largest automobile manufacturer, and in ls the first company in any industry to report more than $1 billion in revenues. GM's GM: Running on Empty? C11 aked at 51 percent in 1962. GM's domination in the market was such that many the company be subject to scrutiny under antitrust laws. In 1971, former President L.y made the statement "now what's good for General Motors really is good for Amen poration. From became market share net income reached an all-time high of $6.7 billion in 1997, and the auto to generate positive net incom net loss of more than $10 billion and contin $31 billion in that year. (GM's flo A summary of various measures of GM's financial condition for the six-year through 2008 is presented in GM Exhibit 1.2 through 2004. In 2005, things began to change. GM reported a omaker c ontinued ued to post losses through 2008, with a loss of almost s cash flow from operations in 2008 was a negative $12 billion.) IBIT 1 of Financia n: General 2003 2004 2005 2006 2007 2008 Total assets $448,507 $479,603 $476,078 $186,192 $148,883 $91,047 lamounts in Stockholders' equity Revenues Operating income Net income Cash flow from operations 7,600 13,061 (16,856) (11,759) 7.731 25,268 27,726 14,597 (5,441) (37,094 (86,154) 182,543193,571 192,605 207,349 181,112 148,979 2.862 12,081 (16,931 (7668) (4,390 (21,284) 3,822 2,805 (10,567) (1,978) (38,732) (30,860) Source: General Motors Corp. 2003-2008 10-K reports. Because of concerns with the ultimate impact of GM's financial struggles on the world economy, GM received $13.4 billion in government loans in December 2008. President Barack Obama's administration pledged interim financing to allow GM to develop a restructuring plan, 12 members of GM's board of directors. All of these events occurred in a market in which the ly decreased demand for automobile purchases. Not surprisingly, GM's Rick Wagoner to resign, and announced a plan to replace at least 6 of the requested then-CEO stock reached a low (at that time) of $0.75 per share on May 29, 2009 (for comparison, GM's stock traded between $27 per share and $94 per share from 1983 to 2004). GM's high, low, and closing on GM's financial statements, GM's auditors (Deloitte & Touche s financial statements were fairly presented in conformity with GAAP economic conditions sharpl stock prices for the period 2003-2008 are summarized in GM Exhibit 2. In its March 4, 2009, report concluded that GM' $60.00 $50.00 $40.00 $30.00 $20.00 $10.00 BIT 2 , Low, and k Prices: ors Corp $0.00 2003 2004 2005 2006 2007 Source: Wharton Research Data Services cceptance Corporation