Answer Happy

Prepare a broad audit plan for the Kohl's corporation
a. What material types of transactions and transaction cycles are
involved?
b. What are the high-risk areas?
c. What are the low-risk areas?
d. If management faced tremendous pressure regarding the
entity’s
financial performance, what opportunities might exist for them to
engage
in fraudulent financial reporting?
e. To what extent do you believe it will be appropriate to reduce
assessed
control risk?
f. How will audit effort be allocated among geographical
areas?
g. What form of auditors' report do you expect will be issued; what
does it
mean?