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Problem 1: Assume now that H&L has accepted RRI as a new client and planning is underway for the 2020 audit engagement. RRI has informed you that one of its shareholders requires the financial statements and related note disclosures to be provided in German. RRI plans to have the final financial statements translated from English to German, and will then attach a copy of H&L's audit report to the translated financial statements. H&L understands the need for the German shareholder to have the translated financials and wants to accommodate. Prepare an analysis that explains how this should be addressed within the requirements of CSOA 5000 Use of the Practitioner's Communication or Name, which is located in the Other Canadian Standards section of the CPA Canada Handbook - Assurance.
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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