User Account

All Pages

Prepare a memo on the state of the company''s industry

Assignment Help Auditing
Reference no: EM131853

Consider that you are audit senior in an accounting firm. Your firm has recently won an audit for a company. Thus, your firm does not have any other clients that operate in this industry. Your audit partner is concerned about his lack of knowledge of the industry the company is operating in.

Your audit partner asks you to create a memo on the 'state of the company's industry' and associated risk factors.

Required:

a) Create a list of all useful sources that you will use to obtain the required knowledge.

b) Create a memo to the audit partner on the 'state of the company's industry' and associated risk factors.

c) Suggested five most important general balance-related or transaction-related audit objectives based on your finding of the risk factors.

Reference no: EM131853

Questions Cloud

Illustrate the tax issues : Illustrate the tax issues that are raised and the relevant sections of the legislation.
To prepare a report on a criteria audit : To prepare a report on a criteria audit conducted at Curtin Hospital.
Use a drawing program to draw a beaker. : Use a drawing program to draw a beaker.
Identify the major issues in given situation : Identify the major issues, discuss how the problem has been handled by the employee's supervisors to date, and evaluate how her present superior is handling the situation
Prepare a memo on the state of the company''s industry : Prepare a memo on the 'state of the company's industry' and associated risk factors.
Criteria audits for pre-surgery purposes : Criteria audits for pre-surgery purposes such as prognosis, post-surgery surgery purposes such as procedure evaluation, and general service provision quality control and quality assurance.
Define mercantilism : Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
Aggregate demand and supply : The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Evaluate the economic arguments : Evaluate the economic arguments for and against the introduction of ‘sin' taxes on products such as sugar sweetened beverages or junk foods.

Reviews

Write a Review

Auditing Questions & Answers

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd