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I have amazon company. A. Analyze the income statement for any potential risk factors and compliance...

I have amazon company.

A. Analyze the income statement for any potential risk factors and compliance issues with Generally Accepted Accounting Principles (GAAP) or International Financial Recording Standards (IFRS).

B. Analyze the risk factors and compliance issues with GAAP or IFRS on the balance sheet.

C. Using the internal control, analyze the cash and revenue for potential risk factors. 1. What risks need to be documented? 2. How does this information compare to the company or industry averages, or the company’s past performance?

D. Explain the audit universe and how you identified it.

E. Based on your analysis of risk, devise a sampling program for the audit universe.

F. Choose the most preferable audit testing procedures that could be used in the field, based on the audit universe items sampled in this situation.

Please expalin where you got your answers. "what substantive test of details or account balance you would complete."

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ANSWER: (A The potential risk factors and compliance issues with Generally Accepted Accounting Principles GAAP) Compliance Issues There are strict compliance requirements if an e-commerce is in the businessofe-retaili The USAlaws have not always kept rate with the technological advancement of the sector. Hence, it is of utmost importance that a company operating in the e-commerce space is registered with the appropriate regulatory authorities like Federal Reserve. For instance, legal argument while discussing patent related cases become very technical. Often the larger suppliers try to help their fellow supply chain partners by understanding the legal risks that are associated with digital trading. The compliance with respect to foreign exchange eamings and its effects as per GAAP Intellectual property rights compliance and rules in GAAP Logistic compliance as Transport expenses as per GAAP

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