Paper, Order, or Assignment Requirements Follow the concepts and steps provided in the additional files closely. In this assignment you are an audit senior that is planning the audit of the financial statements of CINEPLEXINC. (CGX ticker symbol on the Toronto Stock Exchange) for the year ended December 31, 2014.CINEPLEX INC. has been a client of your employer, an international public accounting and consulting firm formany years. The preplanning phase of the audit has been completed and Fyou have accepted the engagement.All information used to prepare this report should be from PUBLIC sources. State any assumptions you find itnecessary to make.Required:Prepare a report with the following components:1. Develop CINEPLEX S risk profile. When performing analytical procedures, please ensure you tie in theresults of the analytical procedures to the impact on audit procedures (5-6 pages).2. Determine an overall risk assessment by considering each component of the audit risk model. You mayhave to consider the various risks by cycle if applicable (2-3 pages).3. Set overall planning materiality and support your decision (1 page).4. Identify key audit issues you are concerned with prior to the audit execution and determine theirimpact on the key components (cycles) (4-5 pages).Reporting format A title page with your group s names and student numbers should be provided. An Executive Summaryis strongly recommended. The body of the memo should be written in narrative form (i.e., not outline or bullet point form,although you may use bullets from time to time) and should be no longer than 15 pages in length, notincluding any exhibits or appendices. The report should be typed, double spaced (left and rightjustification), with one space between paragraphs or headings. Use a 12 point font and standardmargins. The report should be well-written and professionally presented. Your grade will be determined on thedepth and completeness of the report, the integration of the analysis, the style and content of your reportand your professionalism and creativity. Exhibits/appendices to your report should include, at a minimum, the following:1. Analytical procedures that support your analysis.2. A reference section citing all significant sources searched, consulted, or used in the preparationof your report
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