"Audit Planning" Please respond to the following: Determine both the relationship of risks in the planning of the audit and factors that influence those risks. Speculate on which type of risk creates the most uncertainty for the auditor, and recommend at least two ways to plan the audit to mitigate those risks. Provide specific examples. Imagine that you are a senior auditor, and your firm has been selected to audit a medium-sized sporting goods company with one single location. Describe the four phases of an audit and discuss the key factors that would help you determine how to plan the audit for this company. Provide specific examples. "Analytical Procedures" Please respond to the following: Identify the components, limitations, and inherent risks of not properly crafting an engagement letter. Give an example of how the engagement letter would be different, depending on whether the client is considered to be a low- or high-risk client. Provide specific examples.From Case 7, in 2008, Harley-Davidson was accused of inflating sales by recording revenue when shipments were delivered to dealers, instead of when merchandise was sold to customers. Describe the analytical procedure(s) that could have been used to identify the overstatement of accounts receivables and sales. Recommend at least two ways to plan an audit to test for the accuracy of sales, and discuss the types of exception reports needed. Recommend at least two analytical procedures for collecting evidence to ensure compliance with the controls. Provide detailed recommendations. Please keep the bullet points separated and these are discussion questions that's only paragraph or two for each bullet point

For this assignment, you will be asked to choose one of three topics from the list below, research it using quality sources, and construct a polished, well-organized essay that is 6-8 pages in length (not including the cover page or reference page).  This paper must be written in APA formatting and should feature a reference page with at least 10 sources.  These sources should represent a blend of relevant books, journals, and articles from the open web.   Research and Citation Help If you are not familiar with how to search for sources using the library’s databases, please review the resources provided here.  If, after reviewing these resources, you still feel you need additional assistance, please don’t hesitate to schedule a consult with one of our research librarians.  You can find the link to do so here.  Please just remember that consults need to be requested at least three days in advance. If you are struggling with APA formatting, or you need a refresher, USF’s library has resources to assist you with that as well.  You can access those here.