Discussion of how you know if the audit report is

Assignment Help Financial Accounting

Reference no: EM133327621

Case: Evaluate the financial statements and related disclosures of Nike. You will use the 2021 10-K as your first resource in answering most of the questions; however, some questions require historical data which you will need to obtain from older 10-Ks. You will also need to access the financial statements of some of Nike's competitor firms.

QUESTION: Summarize briefly the contents of the PwC audit report that accompanies the financial statements.

Your summary should include, but not be limited to, [a] a discussion of how you know if the audit report is "unqualified", "unqualified with an explanatory paragraph", "modified", or "adverse"; [b] a brief discussion of the Critical Audit Matter PwC identifies (Why is this item highlighted and how should it impact an investor's reading of the financials?); and [c] the implications of the tenure of PwC as Nike's auditor (What are the arguments for and against keeping the same auditor for many years?).

Nike reports revenues disaggregated into four geographic segments: North America, Europe, Middle East, and Africa, Greater China, Asia Pacific and Latin America. In which of these regions are revenues growing the fastest? Why do you think that is?

Reference no: EM133327621

Questions Cloud

Identify and describe five opportunities for improvement : Identify and describe 5 ways to improve profitability for your client and Identify and describe 5 opportunities for improvement

Why are inverted food webs more likely to be found : Explain in what part of the river network you would be most likely to find each of these benthic macroinvertebrates and why using what you learned about food

Identify one problem with the column chart prepared : Identify one problem with the column chart prepared by Joannas assistant and In the space below, draw a more accurate representation of what the chart

Explain how species richness and diversity can change : Explain how species richness & diversity can change during succession ?Explain the physical structure of a community, and what abiotic factors can contribute

Discussion of how you know if the audit report is : discussion of how you know if the audit report is "unqualified", "unqualified with an explanatory paragraph, modified, or adverse

What is the interest portion of the first month payment : down and sixty equal monthly payments to include interest of 6% per year. what is the interest portion of the first month payment

What are the two conceptual types of beta diversity : What are the two conceptual types of beta diversity? Imagine that a conservation agency has hired you to measure both types of beta diversity in a region

Which we assume delta accounts for all : which we assume Delta accounts for all of its leases as finance leases would be higher, lower, or the same as the amount the KPI would equal

What is meant, genetically, by population structure : After class, read paying particular attention to the description of the Biological Species Concept and the Phylogenetic Species Concept.

User Account

All Pages