Assume you were just assigned as lead auditor for a newe-commerce client. This is...

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Accounting

Assume you were just assigned as lead auditor for a newe-commerce client. This is your client’s first year in business.Identify general business strategies that might explain yourclient’s decision to enter the e-commerce space with the likes ofgiants such as Amazon. Considering these strategies, identifypotential business risks that can lead to material misstatements inyour client’s financial statements. Be sure to include new start-upand e-commerce risks. What are some other things your team willneed to consider during the planning phase for this audit?

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Following can be the general business strategies because of which client has entered the ecommerce space 1 Increase in online shopping by consumers 2 Except warehouse no other place required to conduct business so it can help in See Answer

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In: AccountingAssume you were just assigned as lead auditor for a newe-commerce client. This is your...Assume you were just assigned as lead auditor for a newe-commerce client. This is your client’s first year in business.Identify general business strategies that might explain yourclient’s decision to enter the e-commerce space with the likes ofgiants such as Amazon. Considering these strategies, identifypotential business risks that can lead to material misstatements inyour client’s financial statements. Be sure to include new start-upand e-commerce risks. What are some other things your team willneed to consider during the planning phase for this audit?