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How robust or intense is the competition

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Reference no: EM132116751

Problem -

The company for this is Lockheed Martin Corporation

General Audit Concerns

  • The requisite background you and your team will need to adequately audit this company.
  • Time it will take to adequately audit this client.

General Business Concerns

  • Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
  • Are they a conglomerate with lots of disparate kinds of goods and services, or are they a simple straight-forward type of business operating in a relatively small location?
  • Are operating supplies (such as jet fuel or specialty plastics) in short supply or subject to wild pricing swings on the open market?
  • What about overseas operations - are they operating in dangerous parts of the world?
  • How robust or intense is the competition in this particular industry?
  • Has their top management recently been replaced and if so, why?
  • Is seasonality a factor for this company? How does that affect revenue and other operations?

Reference no: EM132116751

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