Describe the next steps in the audit based on the risk assessment. Consider the following: How do the internal and external risk factors inform the audit to be performed? Determine the audit tests needed through financial data analysis. Include the following: What tests are needed? What issues were found warranting the need for selected tests? Analyze audit evidence for errors from financial data. Include the following: Found errors Impact of errors on the external audit Explanation of possible errors from financial data Describe how these audit strategies support the client profile and risk areas. Determine evidence needed for substantive testing and risk assessment based on audit findings. Consider the following: What other sample reports or materials need to be requested to fulfil this audit? What to Submit