Screenshot 2023-11-28 195046_28_11_2023_21_32

From the SEC’s websiteLinks to an external site., access any company’s recent 10-K (within the last two years) and review the Management & Discussion Analysis (MD&A) and the Auditor’s Report (Report of Independent Registered Public Accounting Firm).  Share the following: Discuss one item from the Management & Discussion Analysis (MD&A) that you found interesting. From the Auditor’s Report, share your thoughts on the information provided in the report. Do you have any concerns?

Question 3: (35 Marks) As the in-charge senior auditor on the audit engagement for JA Tire Manufacturing for the year ended December 31, 2019, you are responsible for auditing the revenue cycle. The manager has instructed you to read JA Tire Manufacturing system provided on the first tab of the Excel file "Appendix 1_JATireSales_Data" before attempting this audit to familiarize yourself with the sales process and the relevant worksheets and terminology. This file contains sales transaction information for the year ended December 31, 2019. JA Tire has four sales divisions within Canada and sells primarily to large tire companies with regional warehouses that subsequently distribute to local retailers. Based on some of the risk assessment procedures already performed, you identified risks related to the fact that salespersons receive a commission on sales to distributors and the commission is calculated on a monthly basis. Your manager has asked you to perform analytical procedures as a…

CASE STUDY: HARRISONS LTD You are a new staff member of Monet & Associates, a mid-sized accounting firm and have been assigned to an engagement team that is conducting the financial report audit for Harrisons Ltd (Harrisons). The engagement team, under the guidance of the engagement partner, Vince Mater, is currently performing a preliminary risk assessment of the audit client. The following documents have been provided to you: Memo from audit partner, Vince Mater, dated 6thJanuary 2020 which includes a summary of the initial audit procedures undertaken by the engagement partner for the 31 December 2019 audit. A relevant industry outlook report provided by the Australian Construction Industry Forum published on 7 November 2019.   REQUIRED: You have been asked to assess the inherent risk of the client and perform preliminary analytical procedures as part of the audit planning process in obtaining an understanding about the client’s business and indicate where there is an increased…

Review the following independent auditors’ report: To the Board of Directors and Shareholders Company XYZ"We have audited the accompanying balance sheets of XYZ Company as of December 31, 2020, 2019 and 2018, and the related statements of income, retained earnings, and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the Caribbean. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.An audit includes examining, on test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the…

https://www.republictt.com/pdfs/annual-reports/RFHL-Annual-Report-2022.pdf Use the link above to c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and conventions.

Requirements:   Based on the above and the result of your audit, determine the following: 1. Total income from investments in equity securities 2. Rent income for 2020 3. Royalty income for 2020

please help me answer this thank you :)

A. Select a publicly-traded company that is traded on U.S. exchange. Locate the annual report for at least the last three fiscal years. Analyze the financial statements for the company and review for large movements in specific accounts from one year to the next. In addition, review the notes to the financial statements as these are an integral part of the financial reporting package. Evaluate the balance sheet to determine if there are large changes in the company's assets, liabilities, or equity accounts. In addition, analyze the income statement and statement of cash flows.B.  At a minimum, calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin. For each ratio, explain what the ratio tells you about the company.

Analyze and interpret the audited financial statement of Wilcon Depot Inc.

Subject :Accounting

https://www.republictt.com/pdfs/annual-reports/RFHL-Annual-Report-2022.pdf Use the link above to a)Evaluate Republic Financial Holdings Limited 2022 annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide b) Identify and discuss key accounting principles and standards applied in Republic Financial Holdings Limited 2022 annual financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.)

In line with your audit with DAVE, Inc. financial statements, the company accountantpresented to you the balance sheet that follows. You reviewed the client’s accountingrecords and books based thereon. You discovered that books of accounts are inagreement in the said balance sheet as presented below:  DAVE, INC.STATEMENT OF FINANCIAL POSITIONDecember 31, 2021 ASSETS                                             LIABILITIES AND OWNERS EQUITYCash P 80,000                                  Accounts Payable P 32,000Accounts Receivable 160,000          Notes Payable 64,000Notes Receivable 48,000                 Capital Stock 160,000Inventories 400,000                         Retained Earnings 432,000Total P 688,000                                Total P 688,000 Further review and investigation of the company’s books revealed the followingomissions and errors which were not corrected during the year of errors:                                                             2018     2019…

You work as the financial controller for Dexter, a publicly listed company that prepares consolidated financial statements in compliance with International Financial Reporting Standards (IFRS). The Dexter group's chief executive officer (CEO) has evaluated the draft consolidated financial statements of the Dexter group and a number of significant subsidiary companies for the fiscal year ended March 31, 2019. Although neither of the subsidiaries are publicly listed, they all generate financial statements in compliance with IFRS. The CEO has emailed you with the following questions: Question One I have discovered that the disclosures in the consolidated financial statements about operating segments appear to be centered on the geographical location of the group's customers. I work as a non-executive director for another large listed corporation, and the segment disclosures in their consolidated financial statements are determined on the types of goods sold.  Furthermore, several of our…

Jares Investments Global Limited is a listed company which manufactures stationery products. The company’s profit before tax for the year ended 31 December 2020 is GH¢16·3m and total assets as at that date are GH¢66·8m. You are an audit supervisor of Jeremiah & Associate and you are currently finalizing the audit program for the year-end audit of your existing client Jares Investments Global Limited. You attended a meeting with your audit manager where the following matters were discussed: Trade payables and accrualsJares Investments Global Limited purchases its raw materials from a large number of suppliers. The company’s policy is to close the purchase ledger just after the year end and the financial controller is responsible for identifying goods which were received pre year-end but for which no invoice has yet been received. An accrual is calculated for goods received but not yet invoiced (GRN) and is included within trade payables and accruals. The audit strategy has…

Suppose that you have been appointed to the financial report audit of Kent Ltd as an independent auditor. You are expected to:   Select one:a. Make a limited examination of ABC's accounting and business records. b. Express an opinion as to whether the financial report is prepared in accordance with an applicable financial reporting framework.c. Provide an opinion as to the attractiveness of ABC for future growth. d. Endorse the 100% correctness of ABC's financial report

By how much would the December 31, 2020 retained earnings be misstated if the books are not yet closed? *       Retained earnings is overstated by P70,800 Retained earnings is overstated by P76,800 Retained earnings is overstated by P94,800 Retained earnings is overstated by P58,800

Select any publicly traded company and obtain its most recent 10-K filing.Links to an external site. (within the last two years). Select a different company from your peers. Assume that you have been assigned as the auditor for this company. Choose one of the topics below to discuss: Identify the risks the company included in its filing. As the auditor, you need to be aware of these risks, as they could have misstatement implications for multiple financial statement accounts. What concerns should you have about the risk of material misstatement in the financial statements for the company you selected? Review Footnote Disclosures and discuss any pending litigation. What is the primary concern for auditors and shareholders regarding disclosure of pending litigation?  Discuss any related party transactions in the Footnote Disclosures. What is the primary concern for auditors and shareholders regarding the disclosure of related party transactions?

Harry Kane Chartered Accountants (Harry Kane) and O’Giroud Manufacturing plc (O’Giroud) just signed theirfirst audit engagement letter. You are the Audit Manager responsible for audit of O’Giroud’s Financial Statementsfor the year ended December 31, 2020. In addition to the extract of the Financial Statements below, O’Giroud has Profit before Tax of $30,000,000 (2019 - $31,000,000).O’Giroud Manufacturing plcFinancial Statements (Extract)Year Ended December 31, 2020Balance 2020 ($) 2019 ($)Cash 1,500,000 2,000,000Inventory 1,900,000 900,000Payables 1,000,000 990,000Receivables 800,000 810,000Property, Plant & Equipment 150,000,000 100,000,000Loans 12,000,000 10,000,000Payroll Expenses 4,900,000 6,500,000 Which balances would you consider to be significant to this year’s audit, based on the following,I. Materiality for Planning Purposes II. Analytical Procedures used at the Planning Stage

Reading and Interpreting Audit Opinions Twitter Inc. financial statements include the following audit report from Pricewaterhouse Coopers LLP. Report of Independent Registered Public Accounting Firm To the Board of Directors and Stockholders of Twitter, Inc. Opinions on the Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated balance sheets of Twitter, Inc. and its subsidiaries (the "Company") as of December 31, 2018 and 2017, and cash flows for each of the three years in the period ended December 31, 2018, including the related notes and financial statement schedule listed in the index appearing under Item 15.2 (collectively referred to as the "consolidated financial statements"). We also have audited the Company's internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway…