Law Homework Help

Discuss the issue of an audit client’s business model and the concept of risk in an audit. In today’s environment (rather than the time the NextCard case actually occurred), how should the risk of the client’s business impact the audit plan and process?

**needs to be well thoughtout and written at least 2 paragraphs displaying in depth knowledge of case and audits.**

Sources:

see attached and below links

http://www.sec.gov/news/press/2003-123.htm

http://www.sec.gov/litigation/admin/34-48542.htm

http://www.sec.gov/litigation/admin/34-51307.htm

http://articles.latimes.com/2003/sep/26/business/fi-ernst26