+1-415-670-9189
info@expertsmind.com

Submit Homework/Assignment

Get quote & make Payment

Get Solution

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
Let's Start Now
Browse some more (Financial Accounting) Materials
The cuban revolution was the most important event
The Cuban Revolution was the most important event in Latin America in the 20th Century.  Explain why and how the Cuban Revolution came about and discuss how it changed Cuba, h
Calculate the time value of money problems
Calculate the following time value of money problems. What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%
How much net reportable income must dylan recognize
As of January 1 of last year, Dylan's outside basis and at-risk amount for his 40% interest in the DEF Partnership were $60,000. Dylan and the partnership use the calendar y
Journalize the adjusting entries-adjustment data
Adjustment data: 1. Accrued salaries payable $700. 2. Depreciation $202 per month. 3. Supplies on hand $1,540. 4. Income tax due and unpaid at December 31 is $180. Journalize
What amount should lino include as net cash provided
Lino's 1992 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows? Show supporting calculations
Performing a post-audit of a project completed
Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $241,582, would have a useful life of 9
Assume that the inventory shrinkage is a normal amount
Journalize the adjusting entry for the inventory shrinkage for Retro Company for the year ended October 31, 2010. Assume that the inventory shrinkage is a normal amount.
Indicate whether a debit or credit is required
Indicate whether a debit or credit is required to close each of the following accounts. Use the symbols D if a debit is required , C if a credit is required, N if the account