+1-415-670-9189
info@expertsmind.com
Did any characteristics of your client change
Course:- Financial Accounting
Reference No.:- EM13864472





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Accounting

Question:

You are an auditor filing an 8-K Interim Event. Describe your client and what circumstances led you to decide you needed to file this report.

Now, in a follow-up post, imagine you need to file an S-1 IPO Registration report on behalf of the same client. Did any characteristics of your client change? In other words, describe why you need to file this report.

Answered:-

Verified Expert


Preview Container content

Annual reports are filed by each and every corporation that is registered with SEC in the form of 10-Kand quarterly reports are filed in the form of 10-Q. However under certain circumstances a corporation has to file an interim event report in the form of 8-K if there is a major event in between and the shareholders shall know about such significant events. Each and every firm is needed to file this report within 4 business days for the events that significantly alter business propositions and shareholders shall be made aware of it.

My client is a registered corporation engaged in the production and distribution of mobile phone components and has undergone significant changes in recent months.Under section 1.1 of the act, my firm has undergone some changes in the form of material agreements with clients and some changes to it as well. Material agreements are defined as agreements which put or provide significant obligation on the forms and such agreements can be enforceable against the firm.most likely such items of agreements require approval of the board of directors and shareholders.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
Think of an organization you currently work in or have worked for (or one you want to work for). What elements were present that encouraged a dishonest employee to commit frau
Hays Corporation arranged a $3,000 line of credit with the Barnett Bank. It agreed to accept the bank's offer of 1% above the prime rate with interest payments on December 31
Prepare appropriate journal entries for the debtservice fund. Prepare a statement of revenues, expenditures, andchanges in fund balance in which you compareactual and budget
Jax Recording Studio purchased $6,700 in electronic components from Music World. Jax signed a 60-day, 6% promissory note for $6,700. Music World's journal entry to record the
Write a response to Megan Parcells. Explain why LPP is short of cash. Will this company be able to support itself? Explain your answer. Make any recommendations you deem app
What was the effect of the production volume variance on plant operating income? If White's bonus is based on operating income, what concerns should Smith have at this point?
Calculate the EBIT-EPS indifference point - Calculate the EBIT-EPS indifference point and find the expected EPS for both financing plans
In 2016, Denise had $10,380 in taxes she could deduct: $6,700 withholding of state income tax $2,700 real estate taxes $980 property taxes Last year (2015), Denise her itemize