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?

Q: Who is responsible for preparing financial statements of Huawei? What is the external audit report…

A: Management is in charge of preparing and fairly presenting these consolidated financial statements…

Q: Select the necessary words from the list of possibilities to complete the following statements. 2…

A: Auditing refers to examination of financial information (might include non-financial elements as…

Q: Select the necessary words from the list of possibilities to complete the following statements:…

A: Answer - 1. If the auditors have examined the prior year's financial statements presented for…

Q: Select all that are prepared by management and included in the company's Form 10-K tiled with the

A: Form 10-k is the report which is prepared by management of public company and filed with SEC. It…

Q: Send letters to a sample of accounts receivable customers to verify whether they have an outstanding…

A: Audit Objective: Existence and CompletenessSpecific Audit Objective: To verify the existence and…

Q: The purpose of an audit is to A. provide financial statement users with an opinion by an…

A: The purpose of an audit is to provide an independent assessment of the fairness and accuracy of the…

Q: Which of the following is correct about the General Purpose Financial Statements? Oa.…

A: General purpose Financial Statement : General purpose Financial Statement are those statements which…

Q: All companies are required to disclose in their annual reports the amounts paid to their auditors…

A: Auditing - In order to confirm that a process or quality system is operating in accordance with…

Q: The remuneration of the auditors in many countries need to be disclosed in _________________________…

A: The The remuneration of the auditors in many countries need to be disclosed in the  Auditors report…

Q: Case Study: Auditor's Responsibility for Non-Financial Information As an experienced auditor at a…

A: Audit: An audit involves an auditor looking over several books of accounts and physically examining…

Q: List three relevant facts about Apollo Shoes that you think might have an impact on the financial…

A: Step 1: Identify High Inventory LevelsHigh inventory levels at year-end could lead to several audit…

Q: (ii.) List the category of assertions (3 assertions) along with the element of financial statement…

A: 1. Transactions level assertions  2.Account Balance Assertions  3.Presentation and Disclosure…

Q: 67. Who has the primary responsibility in the Application of the General Accepted Accounting…

A: Solution Concept As per the relevant auditing standards , the primary responsibility of application…

Q: Star audit firm have started the annual audit of Carrefour Muscat. The auditors have a long meeting…

A: An audit may be defined as the critical examination of financial information of any entity or it can…

Q: **Objective Question:** In the context of accounting practices, what term refers to the mandatory…

A: The question is asking for the term that describes the practice of periodically changing the audit…

Q: Define the key terms below that relate to auditing of government and not-for-profit organizations in…

A: Auditing refers to the process of examining or inspecting the accounting books of a company by an…

Q: Information for the Hi-Test company’s production process for September follows. Assume that all…

A: 1. Particulars  Units % Materials EUP - Materials Units completed and transferred out 23,000…

Q: Which of the following BEST (select one) describes why auditing can be viewed as a continuous…

A: Auditing is a critical process that helps companies ensure that their financial statements and…

Q: Which of the following would be an example of a reasonable assurance engagement?

A: The audit is done in order to review the financial statement and finds the errors and misstatement…

Q: Which of the following is a requirement of the Sarbanes–Oxley Act of 2002?a. Registration of all…

A: Sarbanes Oxley Act (SOX): SOX is the act passed by the government to address the corporate scandals.…

Q: The pre-engagement activities of an audit engagement for a public accounting firm include: * Client…

A: Pre-engagement activities of an audit include: Client acceptance or continuance procedures…

Q: During the auditor's risk assessment procedures, a meeting was held together with the company's…

A: Assertion: For financial records and disclosures to be accurate and suitable, assertions must be…

Q: Stan is auditing First Financial Services and would like to use financial ratios to test the ability…

A: Current obligations means obligations that are to be paid in short period of time like one year. For…

Q: Critically appraise the Internal Audit function of the company. Add information about the internal…

A: Answer:-  Internal Audit meaning:- Internal audit helps in the assessment of the company's internal…

Q: ou are an audit supervisor assigned to a new client which is listed on a Stock Exchange. You visited…

A: An internal auditor (IA) is a qualified specialist who is responsible for making unbiased and…

Q: **Objective Question:** In the context of accounting practices, what term refers to the mandatory…

A: The question is asking for the term that refers to the practice of periodically changing the audit…

Q: Distinguish between auditing standards and generally accepted accounting principles, and give two…

A: Auditing Standards: Auditing standards are guidelines and procedures that govern the conduct of…

Q: Select which refer to Current audit file and Permanent audit file, using the working papers given…

A: Current Audit File: In This file the working papers and other information is kept related to the…

Q: An audit includes a number of letters between the auditors and the company such as the report to…

A: Auditors are the professionals who check each detail furnished by the client through his/her…

Q: user of financial information

A: The users of financial information mean the people who are interested in the affairs of the business…

Q: Auditors have a responsibility related to management’s disclosure of new informationrelated to…

A: Auditor: The person who is considered responsible for assessing the credibility of the financial…

Q: You are an audit supervisor assigned to a new client which is listed on a Stock Exchange. You…

A: SOLUTIONS- INTERNAL CONTROL- IT IS A MECHANISM  , RULES AND PROCEDURES IMPLEMENTED BY THE COMPANY TO…

Q: choose one of the following items to discuss: Visit the American Institute of Certified Public…

A: Auditing and Attestation (AUD) Section of the CPA ExamThe Auditing and Attestation (AUD) section of…

Q: Identification of Audits and Auditors. Audits may be characterized as (a) financial statement…

A: Financial statement audit: The audit which focusses on the evaluation of the faithful and fair…

Q: Think about the accounting courses you have taken to date. Assets, Liabilities, Stockholders Equity…

A: When appraising a company or assessing an investment opportunity, fundamental analysts usually start…

Q: ards. 1. History of Accounting standards (IFRS and GAAP) 2. Boards or organization associated IFRS.…

A: Since you have asked multiple question, we will solve the first 2 question for you. If youwant any…

Q: You are the partner responsible for the audit of ABC Co, for the year ended 30th April, 2014. The…

A: Emphasis of Matter passage – A section remembered for the reviewer's report that alludes to an issue…

Q: Which of the following documents will contain information about the compensation for Directors of a…

A: Solution:- Compensation of directors refers to the amount of remuneration paid to the executive and…