Imagine you are an IT manager at Gail Industries. The company has a client, Smallville Collections Processing Entity (SCOPE), which requires an annual IT audit to ensure contract compliance. Few of Gail Industries staff have been involved in an IT audit before. The CEO has asked you to prepare a presentation to all Gail Industries staff in preparation. 

Read the Gail Industries Case Study. 

Prepare a 12- to 16-slide media-rich presentation with speaker notes about the forthcoming IT audit and why it is important to SCOPEs business. Include the following:

1. Explanation of the value and purpose of IT audits to SCOPE
2. Reasons that the client requires regular audits
3. Description of the legal and regulatory requirements for the audit 

Format your citations according to APA guidelines.