Summarise Fan's responsibilities if she finds the financial statements cotain a a review of financial statements. B. material departure from IFRS. MAssurance Engagements Other than Audits or Reviews of Historical Financial Information (ISAE 3000-3699) 14-14 Haruspex is a new consulting company. They specialise in analysis of the market and process of producing sellable products from industrial waste. They have asked Sophia Coronis to prepare an examination of prospective financial information report of the prospective company financial statements for the first two years. This will be presented to Apollo Bank as part of a loan request. Required: What type of report would Coronis prepare - a forecast or a projection? В. А. Draft the report for Apollo Bank. 14-15 Diamond Jousts, a UK Limited Company, is traded on the American Stock Exchange as American Depository Receipts (ADRS). They hire Lancelot, Elaine and Guinevere, Chartered Accountants, to prepare an internal control report to meet Sarbanes-Oxley requirements. Required: What should the report of management contain? А. B. Draft an unqualified opinion on management's assessment of the effectiveness of internal control for the CA firm. (See Illustration 14.6 for an example.) 14-16 British Airways, Philips, ING, H&M, Nike, Shell, Heineken, Volkswagen, Coca-Cola and Samsung are companies that produce annual sustainability verification statements. Required: A. Chose two of the companies listed above. B. Download a copy of their sustainability verification statements from their websites. C. Compare the two reports on the basis of GRI guidelines (3.1 or most recent ones). 14.6 Related Services Intionr they may have to deal with, in their association with and preparation of ut of the certified accountant's 14-17 The following list describes seven situations Certified Accountants may encounter, or
Summarise Fan's responsibilities if she finds the financial statements cotain a a review of financial statements. B. material departure from IFRS. MAssurance Engagements Other than Audits or Reviews of Historical Financial Information (ISAE 3000-3699) 14-14 Haruspex is a new consulting company. They specialise in analysis of the market and process of producing sellable products from industrial waste. They have asked Sophia Coronis to prepare an examination of prospective financial information report of the prospective company financial statements for the first two years. This will be presented to Apollo Bank as part of a loan request. Required: What type of report would Coronis prepare - a forecast or a projection? В. А. Draft the report for Apollo Bank. 14-15 Diamond Jousts, a UK Limited Company, is traded on the American Stock Exchange as American Depository Receipts (ADRS). They hire Lancelot, Elaine and Guinevere, Chartered Accountants, to prepare an internal control report to meet Sarbanes-Oxley requirements. Required: What should the report of management contain? А. B. Draft an unqualified opinion on management's assessment of the effectiveness of internal control for the CA firm. (See Illustration 14.6 for an example.) 14-16 British Airways, Philips, ING, H&M, Nike, Shell, Heineken, Volkswagen, Coca-Cola and Samsung are companies that produce annual sustainability verification statements. Required: A. Chose two of the companies listed above. B. Download a copy of their sustainability verification statements from their websites. C. Compare the two reports on the basis of GRI guidelines (3.1 or most recent ones). 14.6 Related Services Intionr they may have to deal with, in their association with and preparation of ut of the certified accountant's 14-17 The following list describes seven situations Certified Accountants may encounter, or
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Answer the marked questions on the picture
Transcribed Image Text:14.5 Assurance Engagements Other than Audits or Reviews of Historical Financial Information
B. Summarise Fan's responsibilities if she finds the financial statements contain a
material departure from IFRS.
the content of the report on a review of financial statements.
ME Assurance Engagements Other than Audits or Reviews of Historical Financial Information
(ISAE 3000-3699)
14-14 Haruspex is a new consulting company. They specialise in analysis of the market and
process of producing sellable products from industrial waste. They have asked Sophia
Coronis to prepare an examination of prospective financial information report of the
prospective company financial statements for the first two years. This will be presented
to Apollo Bank as part of a loan request.
Required:
A. What type of report would Coronis prepare - a forecast or a projection?
B. Draft the report for Apollo Bank.
14-15 Diamond Jousts, a UK Limited Company, is traded on the American Stock Exchange
as American Depository Receipts (ADRS). They hire Lancelot, Elaine and Guinevere,
Chartered Accountants, to prepare an internal control report to meet Sarbanes-Oxley
requirements.
Required:
What should the report of management contain?
Draft an unqualified opinion on management's assessment of the effectiveness of
internal control for the CA firm. (See Illustration 14.6 for an example.)
А.
В.
14-16 British Airways, Philips, ING, H&M, Nike, Shell, Heineken, Volkswagen, Coca-Cola and
Samsung are companies that produce annual sustainability verification statements.
Required:
A. Chose two of the companies listed above.
Download a copy of their sustainability verification statements from their websites.
В.
C. Compare the two reports on the basis of GRI guidelines (3.1 or most recent ones).
14-17 The following list describes seven situations Certified Accountants may encounter, or
contentions they may have to deal with, in their association with and preparation of
14.6 Related Services
totoments. Briefly discuss the extent of the certified accountant's
inn any mis-
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