Upload a word document of a memo that addresses the following: "Prepare a memo to document your understanding of Alpine Cupcakes environment and provide your assessment of Garcia and Foster's audit risk. Describe the specific risks for Alpine Cupcakes, explain why you believe these factors relate to the Alpine Cupcakes audit, and identify which specific accounts are likely to be affected by these risks. Describe how the audit teams should address the risks identified. For example, the background information mentions that sugar prices may rise. What risks would this present to Alpine Cupcakes? Which accounts would be affected by this risk? How should the audit team address these risks in the audit plan?" Please review the rubric, which I will use to grade this memo. The memo should be concise while still addressing each required element and including relevant information. Guidance: 1) Format the assignment as a Memo. You can do this by including a heading at the top of the page identifying the subject of the memo, who wrote the memo, and when the memo was written. 2) Separate the rest of the document into three parts: Understanding of Alpine Cupcakes, Inc. Assessment of Garcia & Foster's Audit Risk Risk Factors for Alpine Cupcakes, Inc. 3) For section 1, address each of the items listed in PCAOB AS 2110.07. Not a lot of information is given about some of these items, but you can at least discuss what information is provided. 4) For section 2, review Garcia and Foster's Audit Risk Assessment Memo (B.2.1 on pg. 44-45) and comment about what areas of their risk assessment were lacking or incorrect. Also, address how you think these issues will impact the audit. 5) For section 3, describe the risks for Alpine cupcakes and identify how these risks relate to the audit, which accounts are impacted by these risks, and how the audit team should address these risks.