ACC546 Auditing Assignment Problem

Assignment Help Auditing
Reference no: EM132448965

ACC546 Auditing Assignment - University of Phoenix, USA

Assessment - For the company Cirrus Logic Inc.:

Determine what the company's comprehensive income is for the year (and prior 2 years).

Identify what items are flowing through comprehensive income.

Is comprehensive income higher or lower than net income? Why?

Identify the company's Earnings per Share for the year (and prior 2 years).

Identify whether the company has both basic and diluted EPS.

What trends do you see in comprehensive income and earnings per share?

Has the company issued dividends, stock dividends or had a stock split in the past three years?

Based on your additional analysis of the company, how has your evaluation of the company's financial health changed since your analysis during Week 2?

Determine what the company's policy is related to long-lived assets, goodwill, and other intangible assets.

Identify what the company says about its annual goodwill impairment testing.

Identify whether the company has any deferred tax assets and liabilities, and summarize what the company says about these items in the 10-K.

Identify the disclosures related to long-term debt, leases, and other long-term liabilities.

Based on your additional analysis of the company, how has your evaluation of the company's financial health changed since your analysis during Week 1?

Reference no: EM132448965

Questions Cloud

Discuss the current trends in data analysis techniques : Discuss the current trends in data analysis techniques and how effective you think this analysis in preventing or detecting fraud related to matrimonial fraud
Prepare the journal entries for Grill Master for grills : The grills are priced at $200 each (with a cost of $160 each), Prepare the journal entries for Grill Master for grills sold on April 17, 2017
Discuss and research contingency models of leadership : Discuss and research Contingency models of leadership,Situational methods of leadership,Skills approaches to leadership,Trait theories of leadership
Compute the current ratio based on stellars balance sheet : Compute the current ratio based on Stellar's balance sheet.Recompute the current ratio after corrections are made.By what amount will income (before taxes)
ACC546 Auditing Assignment Problem : ACC546 Auditing Assignment Help and Solution, University of Phoenix, USA. Determine what the company's comprehensive income is for the year
Determine the inventory balance using gross profit method : One method is to determine the inventory balance using gross profit method. What is gross profit method of determining inventory?
Determine the balances of cost of goods sold : Determine the balances that would appear for the following accounts: Cost of Goods Sold, Inventory and Non-controlling Interest in Subsidiary's Net Income
What is the annual operating income from deluxe : What is the annual operating income from Deluxe if the price is reduced to $4,000 and sales in units increase by 25%.Calculate
What is the proper cash flow amount : What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? Why?Explain

Reviews

Write a Review

Auditing Questions & Answers

  Who is likely to perpetrate fraudulent financial reporting

Who is most likely to perpetrate fraudulent financial reporting? Why do auditors establish a preliminary judgment about materiality?

  Determine the maximum deduction available to penni

Determine the maximum deduction available to Penni for car expenses and Calculate Penni's taxable income for the 2016/17 tax year

  Provide a brief history of dick smith electronics ltd

ACCT6006 Auditing Group Assignment. Provide a brief history of Dick Smith Electronics Ltd. Provide a brief analysis of the 2014/15 Annual Report

  What are the auditor responsibilities for detecting fraud

Auditing - 0502630 CASE - The auditor's consideration of fraud in a financial statement audit. According to GAAS, what are the auditor's responsibilities for detecting fraud? What two types of misstatements due to fraud do the standards specificall..

  Two-tier test for impairment of long term assets

What is the two-tier test used to determine if a fixed asset has suffered impairment and to calculate the amount of the impairment loss?

  Does the given practice violate the code of ethics

After every audit, a survey about the audit work is sent to key management involved. 10% of each auditor's annual bonus is determined based on the results of these surveys. Does this practice violate the Code of Ethics?

  Audit engagement procedures for kodak

Assume that you are the PricewaterhouseCoopers audit engagement partner and have assessed Kodak as a high-risk client. Explain the modification you would make to the audit engagement procedures to minimize any potential liability of the firm.

  Determine the level of materiality to be used for the audit

Auditing and Ethics Assignment - Determine the level of materiality to be used for the audit of the group accounts for the year ending in 2018

  Concepts and techniques related to organizational fraud

Use what you have learned to create a story that summarizes and/or illustrates selected key concepts and techniques related to organizational fraud.

  Financial market and economic outlook

Discuss the economy, financial markets and the means they currently use to attract direct foreign investment. Conduct an analysis of what they are doing right/wrong in their financial markets and whether you recommend investment there should conclu..

  Audit engagement with simple things ltd

From the information provided above, identify any reasons for not accepting the audit engagement with Simple Things Ltd.

  Explain important reason for performing analytical procedure

Discuss the conclusions that you can draw about 21st Century Accessories Pty Ltd financial position; and identify potential audit risks to be investigated further. Identify and explain the most important reasons for performing analytical procedures.

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!

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