PLEASE HELP!!!! I would really appreciate!!! I only need answers 5,6 and 7!!! Thank you in advance!!!

Prepare a broad audit plan for New York Trust Mortgage (NYMT) Please include sources!

Answer the following questions:

• 1. What material types of transactions and transaction cycles are involved?
• 2. What are the high-risk areas? Would you consider any of these risks to be significant risks?
  • Example: how a global pandemic can impact the company (market share, customer base, stock value, internal controls, etc. Refer to The economic impact of COVID-19 (novel coronavirus) for more information. This is just one article that can assist you.
• 3. What are the low-risk areas?
• 4. If management faced tremendous pressure regarding the entitys financial performance, what opportunities might exist for them to engage in fraudulent financial reporting?
• 5. To what extent do you believe it will be appropriate to reduce assessed control risk?
• 6. How will audit effort be allocated among geographical areas?
• 7. What form of auditors report do you expect will be issued; what does it mean?