Prepare a broad audit plan.

Answer the following questions based on $10-$K Filing for Starbucks Fiscal Year Ended October $1,2023.$ Report can be find Starbucks Coffee Company $-$ Starbucks Reports Q$4$ and Full Year Fiscal $2023$ Results

$$ What material types of transactions and transaction cycles are involved?

$$ What are the high$-$risk areas? Would you consider any of these risks to be significant risks?

o 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.

$$ What are the low$-$risk areas?

$$ If management faced tremendous pressure regarding the entity$$s financial performance, what opportunities might exist for them to engage in fraudulent financial reporting?

$$ To what extent do you believe it will be appropriate to reduce assessed control risk?

$$ How will audit effort be allocated among geographical areas?

$$ What form of auditors$$ report do you expect will be issued; what does it mean?