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 - Based on the 31 December 2019 Annual Report for Woolworths Group Limited (available on Google), make a planning memorandum for the audit partner which includes the following:
Required -
1. Identify four major business risks of Woolworths and provide a detailed explanation of why each factor is identified as a risk to the business.
2. Results of analytical procedures. It is recommended that you make a trend analysis and prepare key ratios. Identify and explain which changes in the trend analysis and ratio analysis would trigger further investigation in the audit for Woolworths. (Please include your workings in the Appendix).
3. Identify four inherent risks that you identify from business risks and analytical procedures in parts 1 and 2. (Note: business risks are not the same as inherent risks).
4. Identify a key account and a key related assertion at risk of material misstatement based on the inherent risks you identify in part 3. (Note: Identify a key account and a key assertion for each of the four inherent risks identified in part 3).
5. Calculate planning materiality in a $ amount. You must include a breakdown of your calculation and a justification of your choice of base, the percentage used and your assessment of detection risk. Assume control risk is high.
Question - What are three main characteristics of liabilities, and why is it important to classify liabilities into short-term and long-term
Discuss the elements of the fraud triangle as they apply to Glenn's decision to change the financial statements to reflect more favorable results
Compute avoidable interest for Sunland Company. Use the weighted-average interest rate for interest capitalization purposes
A firm had a cash balance of $52,000 at the beginning of the year. There was a net decrease in cash and cash equivalents (defined as cash inflows minus outflows during the period) of $8,000. What is the ending cash balance?
The adjusted balances taken from the general ledger of Coopertown Suppliers, Inc. is listed below in general ledger order. Transfer these accounts and balances and prepare an Income statement, Balance Sheet, and Statement of Retained Earnings all ..
Assume that the first paid period of the following year ends on January 6 and that wages of $61,375 were paid. Journalize the entry to record the payment
Explain the concept of cash flow in corporate finance. Explain how present values are affected by changes in interest rates.
The change in the value of New England Electric Inc. over the last two years is as follows: Calculate the Beta for Chicago Steel Works? What does this mean
What is the taxable portion of the distribution and what amount of early distribution penalty will Heidi be required to pay on the distribution?
Explain how developments in information technology have changed the nature of the workplace and the practice of management?
The Company makes a product that is very popular as a Mother's Day gift. What is a schedule of expected cash collections from sales, by month and in total
REQUIRED: Calculate the taxable income, complete a deferred tax worksheet and identify the changes for the year to deferred taxation and complete the taxation journal entries at the year-end
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