You have been assigned to the Audit of Tesla for year ended $2023,$ congratulations.

The audit manager on the engagement has asked you to assist in the audit planning process and has requested the following:

Read over Tesla$$s $202310-$K including the MD&A and Market Risks sections and answer the following questions:

$1.$ List three relevant facts about Tesla that you think might have an impact on the financial statements.

$2.$ Define what is meant by a significant account or disclosure

$3.$ Identify at lease two significant accounts or disclosures from the financial statements of Tesla

$4.$ Define what is meant by a relevant assertion

$5.$ Identify at least one relevant assertion assertions for each of the following accounts:

a$.$ Revenue

b$.$ Cash

c$.$ Fixed Assets $($PPE$)$

d$.$ Accounts payable

e$.$ Debt & Finance Leases

$6.$ Perform an analytical analysis on the company$$s Statement of Operations and note or recommend any items that the audit team should focus on$.$

You should write up your thoughts in a memo. Post it Black Board on the assignment icon that is provided and be prepared to review in class Wednesday $2/7.$

Answer rating: 100% (QA)

Memorandum To Audit Manager From Your Name Date Date Subject Audit Planning Tesla 2023 10K Review I have reviewed Teslas 2023 10K including the MDA and Market Risks sections as requested Below are the ... View the full answer