Understanding The Audit Client Before the Audit Be sure you have read the Module 8: Portfolio Project instructions in full before completing this assignment. An important aspect of an audit is understanding the industry the audit client operates in. Ribio Inc. is in the retail industry and sells retail items in both the brick and mortar and e-commerce spaces. Research and outline inherent risks associated with: Brick and mortar sales businesses, and e-commerce sales businesses. During this initial research phase, identify two accounting cycles that are critical to the retail sales industry and explain how focusing on these cycles align with Ribio's business operations. Your paper should be 1-2 pages in length and conform to APA guidelines in the CSU Global Writing Center (available in the left-hand navigation panel). Include at least 3 credible references in addition to the course textbook. The CSU Global Library is a good place to find these references (available in the left-hand navigation panel)