Audit of peach blossom cologne company

Assignment Help Auditing

Reference no: EM1354261

Imagine that you're the Senior Auditor on the Peach Blossom Cologne Company audit. The Partner on the engagement comes into your office and tells you she's not satisfied with the memo that Jasper Parsons (the former Senior) wrote on Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. She thinks a little in-house seminar is needed to train everyone and she's given you the job of writing and presenting the seminar. She suggests that you look for an article that she remembered reading in the January 2008 Journal of Accountancy and also that you read the beginning of SAS No. 109. She wants you to email her a word narrative of how you think the firm should approach gaining an understanding of the entity and assess the related risks. Please prepare that memo.

Reference no: EM1354261

Questions Cloud

Audit report of california water services group : Obtain a 10-k report and an annual report for a public company (this may be in electronic form and/or hard copy form). Be sure that the 10-k report and the annual report are for the same fiscal year.

Solving ratio related problems : Compute a few ratios and compare Reed's results with industry averages. Determine what do these ratios indicate?

Assessing the effects of eeg biofeedback : The measures used include pre and post measure assessments to assess the effects of EEG biofeedback. The expected outcome will show support for the benefits of neurofeedback as treatment for several mental disorders.

Business question - organizational structure : Expalin the changes will be required in your current organizational structure as a result of this acquisition and describe your rationale.

Audit of peach blossom cologne company : Imagine that you're the Senior Auditor on the Peach Blossom Cologne Company audit. The Partner on the engagement comes into your office and tells you she's not satisfied with the memo that Jasper Parsons (the former Senior) wrote on Understanding ..

Designing new datacenter for existing complement of servers : You have been hired as independent contractor to support company in designing a new datacenter for its existing complement of 16 Unix servers, 32 Windows servers, and 10 racks of network

What is the net force acting on the car : A radar antenna is tracking a satellite orbiting the earth. At a certain time,the radar screen shows the satellite to be 162 km away.The radar antenna is pointing upward at the angle of 62.3 degrees from the ground.find the x and y components(in k..

Explain what are the weaknesses of an unweighted competitive : Explain What are the weaknesses of an unweighted competitive strength assesment and The unweighted competitive strength assesment assumes that each KSF has equal weight

Finding impact on cost of debt if risk free rate increase : Two investors are estimating GE's stock for possible purchase. They agree on the expected value of D1 and on expected future growth rate. Further, they agree on the riskiness of the stock.

User Account

All Pages