How would ewing proceed

Assignment Help Accounting Basics
Reference no: EM133143687

Question - Subsequent Events and Subsequently Discovered Facts - Jonathan Ewing is auditing the financial statements of California Company for the year ended December 31, 2021. In concluding the process of gathering sufficient appropriate evidence, Ewing has asked to meet with his supervisor on the audit (Daniel Ross) to discuss responsibility for events occurring after the date of the financial statements.

Assume that on January 8, 2022, California Company agreed to acquire San Jose Inc. in a significant transaction. The date of Ewing's report was February 7, 2022, and California issued its financial statements (and Ewing's reports on its financial statements and internal control over financial reporting) on February 14, 2022.

How would Ewing proceed if he became aware of this subsequent event on the following dates?

1. January 10, 2022

2. February 10, 2022

3. February 20, 2022

Reference no: EM133143687

Questions Cloud

Influence relations between organizations and people : How do varying ethics impact a nations engagement with others and how does that influence relations between organizations and people?
What kind of innovation was he pursuing : Comment on whether Gandhi's methods of nonviolent resistance meet the definition of innovation.
Appropriate quantitative decision-making models : CO3 - Solve business problems with appropriate quantitative decision-making models
Laboratory owned by a dummy corporation : A physician and his colleague decided to set up a laboratory owned by a dummy corporation in their wives' names and begin to refer patients to this laboratory.
How would ewing proceed : The date of Ewing's report was February 7, 2022, How would Ewing proceed if he became aware of this subsequent event on the following dates
Effectiveness of decision-making : For the year 2020 and 2021 during the pandemic, leaders such as CEOs had to make smart decisions quickly. Their leadership qualities were struggling in a crisis
What is the monthly payment : To buy a fishing boat, you took a loan of $25000 for 36 months at 7.5% APR (Annual Percentage Rate). What is the monthly payment
Should group dynamics be used as a factor in decision-making : Modern businesses are greatly impacted by teams and group work. Many managers believe that decisions made by a group will be superior to decisions made by an in
Why does change appear to scare people so much : Why does change appear to scare people so much? Why is this more difficult in healthcare? What is it about the people (physicians) and others that make change t

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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