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What does the auditor should do

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Question -

On January 1, 2021, one of Cloud 9's main suppliers announced a 35% increase in prices, effective June 1, 2021. This increase will cause a significant increase in the cost of Cloud 9 products.

On January 10, 2021, a group of protestors staged a protest outside Cloud 9's main office. They claimed that Cloud 9 enabled people to spend more time outdoors, damaging forests.

Early in January 2021, one of Cloud 9's top salespeople resigned from Cloud 9 to go work for RaceWear, a competitor. The salesperson was responsible for about 22% of Cloud 9's sales.

What does the auditor should do? Explain why and Reference.

Reference no: EM132607447

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