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Assignment: Apple, Inc and State Grid Corporation of China
The Session Long Project provides an opportunity to apply ideas and concepts for each module to a real world situations. The assignment has two parts. It is important that you use the same companies as in the first module.
Find information in the annual report, 10-K, or other type of report issued by the corporations. Corporations traded in the US must report and file information with the SEC regarding certain auditor events, for example a change of external auditors. Locate information about external auditing issues. Include the following areas in your discussion.
• Who are the external auditors?• Did the external auditors rely on other auditors?• Which specific standards followed?• What are the main areas of the audit opinion?• Other external auditing-related issues expressed in corporate filings.
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
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Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
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As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
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Prepare a memo on the 'state of the company's industry' and associated risk factors.
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