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a. Explain the reporting options when there is a material problem identified in financial statements (i.e., they are not in orthodoxy with GAAP). Also explain the reporting options when there is a material problem with audit (i.e., in some way auditor could not follow GAAS). Include in your answer both the kind of opinion and which paragraphs would be affected.
b. Provide a brief definition of a compilation and a review performed in accordance with SSARS. Include the kind of assurance provided. Also, explain one difference in auditor's procedures when conducting a evaluation under SSARS vs. a review of interim financial information conducted under auditing standards.
questionthe subsequent transactions involving intangible assets of minton corporation occurred on or near december 31
Analyze the accounting for each fixed asset class using US GAAP and IFRS. Assume the Company uses straight-line depreciation for all its fixed assets and takes a full year of depreciation in the year of the addition.
american guitar company manufactures two dissimilar high quality acoustic guitars for retailers that are beginner model
Find what strategic objective would this address and find what specific measures would this involve
List and explain three ways a firm can determine long-run prices - explain when each method would be most suitable and the strengths and weaknesses of each method.
Prepare the annual proforma financial statements (income statement and balance sheet) that you would expect Linda to prepare based on her comments about her expectations for the business.
Analyzing Activity in Inventory Accounts and select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:
Prepare an adjusted trial balance as of December 31, 2011 and prepare an income statement for the three months ended December 31, 2011
Calculating NPV. For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return is 25%?
Prepare the companys direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Omit the "$" sign i..
Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation
Find Kathy's correct filing status is Head of Household - what are the needs for Kathy to claim an educator expense adjustment?
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