DO NOT COPY PASTE, NEED Plagiarism confirmation as well.

See some information about a company below. If we were to audit this company, it is vital that we understand the industry that the business operates in, and any important factors that could impact the business. To do this, we could perform a PESTLE Analysis. (Remember: PESTLE = Political, Economic, Social, Technological, Legal, Environmental). Please try to perform your own PESTLE analysis that we will go through during the debrief. It is March 2021. You are on the audit team for the audit of CarCo for the year to 30 June 2020. CarCo Ltd manufactures and sells its own cars. It has its manufacturing base in the UK, but also has sales offices throughout Europe. They have recently been impacted by the UK's exit from the European Union, seeing delays in exports of cars from the UK to European sales offices. The company has two divisions: "Basic" and "Premium" cars. Basic offers basic but comfortable and practical cars sold for reasonable prices targeted at budget car buyers in busy urban areas. Contrastingly, Premium cars offer high-tech cars with a lot of extra features and high specifications. These are aimed at the more affluent car purchaser. The UK government have also introduced a lot of incentives to companies opting to start the manufacture of more eco-friendly hybrid and electrical cars (some with self-driving and parking capabilities) so this is something that they are looking into adopting. This would require them looking into hiring a lot more staff in the future with the right technical know-how to manufacture these cars. They are aware however that these new cars will be popular with younger, more environmentally conscious buyers. However, recent research has shown that there have been some serious accidents with self-driving cars, and this has made a lot of consumers wary about the new offering. They do not want to end up with any serious legal cases linked to their own cars. In the past, CarCo have seen respectable growth in revenue year on year, however with the COVID-19 pandemic they have been unable to sell cars as the lockdown means that retail has been halted and consumers are not requiring vehicles to travel