ScenarioThe sample audit will consist ofthree main parts: the business risk analysis, the report ofrecommendations. sample audit program, and Newham Company Information Newham Company is a publicly tradedcompany operating in the “ personal product” industry. Newham manufacturescosmetic and body- care products. These products are sold to large departmentchain stores, such as Target and Walmart, to be sold and distributed to thefinal consumer. Competitors include Revlon, Inc. (REV–NYSE) and Avon Products,Inc. (AVP -NYSE). Newham Company has experiencedsteady growth over the past several years. Recently, there has been a change inexecutive management, including the CEO and CFO. The change was sparked byquestionable bonus payments that were paid to the executive management team basedon the company’s performance. In addition, a recent lawsuit has been filedbased on claims that a new product was not properly advertised, leading manycustomers to experience allergic reactions.Guidelines for Submission: Yourpaper must be submitted as a 3-4-pages Microsoft Word document withdouble spacing, 12-point Times New Roman font, one-inch margins, and at leastthree sources cited in APA format. Round all answers up to the nearest dollarvalue in any calculations.
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