Question: Prepare a broad audit plan: Tesla Inc a) Which transaction cycles are the high-risk areas? b) Identify at least three risk areas in the audit

Prepare a broad audit plan: Tesla Inc

a) Which transaction cycles are the high-risk areas?

b) Identify at least three risk areas in the audit of this company and describe: (1) the risk; (2) why you have assessed this as a specific risk; and (3) how you would perform the audit to address this risk.

c) If management faced tremendous pressure regarding the entitys financial performance, what opportunities might exist for them to engage in fraudulent financial reporting?

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