Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - You are an audit manager of P & Q Company, a CPA firm in Hong Kong SAR. Recently a partner of your firm, Mr. Adrian Lai gave you an instruction to carry out a preliminary review on a potential client, Pacific Paints Limited ("PP"). Your firm has been approached by PP to audit their financial statements for the year ended 31 December 2019. You are aware of the following points after discussion with Miss Erica Wong, PP's Finance Director, on 27 June 2020:
1. PP is a company listed on the Hong Kong Stock Exchange which is principally engaged in the manufacturing, trading and retailing various kinds of paints.
2. Erica is a non-practising member of the HKICPA. She plans to get married with Edmond, Adrian's son in a year's time.
Required -
(a) Discuss the ethical and professional consideration with respect to perceived independence in this potential audit engagement of PP and list the safeguards needed to be taken by P & Q Company if it accepts the audit engagement.
(b) If P & Q Company considers to accept the audit engagement with PP, describe the ethical obligations that it should comply with in relation to the change of auditors.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd