User Account

All Pages

Analyze the income statement for any potential risk factors

Assignment Help Accounting Basics
Reference no: EM131578615

A. Analyze the income statement for any potential risk factors and compliance issues with Generally Accepted Accounting Principles (GAAP) or International Financial Recording Standards (IFRS).

B. Analyze the risk factors and compliance issues with GAAP or IFRS on the balance sheet.

C. Using the internal control, analyze the cash and revenue for potential risk factors.

1. What risks need to be documented?

2. How does this information compare to the company or industry averages, or the company's past performance?

D. Explain the audit universe and how you identified it.

E. Based on your analysis of risk, devise a sampling program for the audit universe.

F. Choose the most preferable audit testing procedures that could be used in the field, based on the audit universe items sampled in this situation.

Reference no: EM131578615

Questions Cloud

Describe the study''s research design : Describe the study's research design. Which portions meet the criteria for a Classical Experiment. Which do not. Explain
Discuss how the bonus program may encourage budgetary slack : Question - Tanya Williams is the new accounts manager at Southpac Bank. Discuss how the bonus program may encourage budgetary slack
Find the probability that the student earns a better grade : A student takes a ten question objective test. Suppose that a student who knows 80% of the course material has probability .8 of success an any question.
Setup a wireless network that should be fairly secure : Make a set of guidelines for an IT professional to read and understand to setup a wireless network that should be fairly secure.·
Analyze the income statement for any potential risk factors : Analyze the income statement for any potential risk factors and compliance issues with Generally Accepted Accounting Principles (GAAP)
Discuss war on terror : What do you believe the role of the media is in the War on Terror, Why. Do you believe that the terrorism and the media have a symbiotic relationship
Number of unknown and anonymous : Running a public network internet connection can be a heavy risk since it allows a number of unknown and anonymous devices to come into the organization.
Law enforcement has probable cause to obtain an arrest : Do you believe law enforcement has probable cause to obtain an arrest warrant for Smith. Why
Describe one genetic test and its impact on health : Describe one genetic test and its impact on health, prevention, screening, diagnostics, treatment selection, and treatment effectiveness.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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