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Questions: 1. Identify common inherent risk factors that companies involved in the entertainment industry pose for their independent auditors. List and briefly describe specific audit procedures that would not be used on "typical" audit engagements but would be required for audits of companies involved in live theatrical productions, such as Livent.
2. Compare and contrast the responsibilities of an audit partner of a major accounting firm with those of a large public company's CFO. Which work role do you believe is more important? Which is more stressful? Which role would you prefer and why?
Information related to above question is enclosed below:
Attachment:- LiventInc.rar
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