(Answered) Background an overview of the topicdefinitions list and

Accounting

Background: An overview of the topic

Definitions: List and define unfamiliar terms

Statistics: If there are stats available about your topic, include them

Relate this topic to your current (or future) job as an auditor:

Why should we care about the topic?

How might it impact your firm or company (finances, reputation, compliance, other)?

How should this be addressed by auditors? Consider audit elements such as:

Overall risk assessment
Audit planning
Specific audit program steps
Audit time budgets

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Accounting Basics, Accounting

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