International financial reporting standards standards

Assignment Help Financial Management

Reference no: EM131025691

It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company's financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) standards. Use the Internet to select a public accounting company that appeals to you. Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company.

Examine at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit.

Reference no: EM131025691

Questions Cloud

Internal rate of return modified internal rate of return : Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company's geologist, has just finished his analysis of the mine site. Construct a spreadsheet to calculate the payback period, internal rat..

Problem regarding the decision sciences department : If there is a 50% chance that the repairer will give a satisfactory report, what is EVSI? If the repairer charges $40, what should the decision sciences department do? What is EVPI?

What is probability of a head in a single toss of the coin : What is the probability of a 'head' in a single toss of this coin? If the coin is tossed and a 'head' results, what is the probability that p is 3/4?

Project is expected to generate an annual cash flow : A project is expected to generate an annual cash flow of $300,000 before debt service, during each of the first five years of operation. This expectation represents the mean of a probability distribution of possible cash flows, and has a standard dev..

International financial reporting standards standards : It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company's fin..

Coupon bonds making annual payments : Cavo Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.5 percent. The current yield on these bonds is 7.85 percent. How many years do these bonds have left until they mature? How would i put this into excel?

Discuss major factors governing the relative attractiveness : Discuss the major factors governing the relative attractiveness of a real estate investment. How do traditional measures of investment performance fail to address these?

What will be Manufacturings EBITDA : Jonas Manufacturing makes only one product which sells for $5 each. At a production and sales level of 10,000 units their total variable costs are $20,000 and total fixed costs are $18,000. If they increase their production and sales to 12,000 units,..

Values of the health care organization : Who determines the values of the health care organization? What values do you think should be shared by all health care organizations? Why?

User Account

All Pages