Discuss a situation you have observed in your employment, read about online, or heard on the news that involved a misstatement arising from fraudulent financial reporting. Describe the specific situation. If you were the auditor of such company, prepare a brief assessment of the future risk of misstatements and design of future audit procedures (refer to page 201-210 in the text for an explanation). I need help on how to write a brief risk assessment... are there any auditors or accounting majors out there?