Your task is to analyze the external environment. These items are based on Appendix 1A
in your textbook (pp. 32-39). Specifically, section III, which provides a detailed outline of the
required audit items. Answer all items provided in section III. This section requires research and
original references for all items. Analyzing the external environment includes completing the
external factor analysis summary (EFAS) table (textbook pp. 166 and 355). The EFAS table
shall include all opportunities and threats identified. In your summary, focus on the highest rated
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