Topic - Assignment: Assume that you have just joined KPMG and are assigned to the upcoming fiscal 2023 (year ending December 31, 2023) integrated audit of Rivian. In order to get familiar with the entity, you are requested to read information about the client. At a minimum, your supervisor has asked you to read the most recent Annual Report on Form 10-K and (year ended December 31, 2023, which was filed on February 26, 2024, as well as other periodic (Qs/Ks, etc.) and/or event reports (8-Ks) on file as necessary including the 8-K/A that includes the Company's Fiscal year 2024 earnings release information filed on February 22, 2024. Based on the information you find in the Company's filings with the SEC, and/or any other resource you deem appropriate (such as industry information, news reports, company website, etc.) write a narrative for the planning section of the audit working papers for the 2024 fiscal year audit that discusses the following:/nThe name of the Company is Rivian Automotive Inc, (the "Company" or "Rivian"). Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. The Company has a 12/31 year-end. The Company became a publicly traded Company in November 2021 through an initial public offering of 176 million shares of Class A common stock at an offering price of $ 78 per share raising $ 13.5 billion of cash proceeds. For fiscal year 2022, the Company adopted SOX 404 for the first time and KPMG performed an integrated audit issuing audit opinions on both the effectiveness of internal controls and the financial statements. The financial statements for the December 31,2023 audit were issued on February 26, 2024 and are included in the Company's Annual Report on Form 10-K. Rivian's common stock trades on the Nasdaq Global Select Market under the symbol “RIVN”.

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Topic - Assignment: Assume that you have just joined KPMG and are assigned to the upcoming fiscal 2023 (year ending December 31, 2023) integrated audit of Rivian. In order to get familiar with the entity, you are requested to read information about the client. At a minimum, your supervisor has asked you to read the mos