Posted: March 6th, 2017

Determine the fundamental kind of information that you need in order to make an informed decision as to whether or not to bid on the audit.

Audit Risk” Please read Case 4-65 which is an attached document regarding the Lincoln Federal Savings and Loan. • Imagine you work for an auditing firm. Your most recent task is to determine whether or not your firm should bid to perform the auditing services of a public company. Determine the fundamental kind of information that you need in order to make an informed decision as to whether or not to bid on the audit. Provide a rationale to support your response. • From the case study, analyze the key risk areas associated with an audit of Lincoln Federal Savings and Loan. Next, recommend at least two (2) risk areas that should be included in the audit plan. Provide a rationale to support your recommendation.