Perform preliminary analytical procedures

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Question 1. Perform preliminary analytical procedures by examining the ratios and account balance information and by calculating additional ratios and growth trends using the information provided to you. (If you think you do not know how to perform analytical procedures read Topic 11 more closely. Preliminary analytical procedures are risk assessment procedures.) Use the results of performing procedures in answering question 3. You will need to perform calculations in addition to merely reviewing the ratios you are given. Growth trends are particularly important. You may but are not required to record the results of your computations here.

Question 2. List the financial statement accounts that you believe should be investigated further. Justify your suggestions by indicating for each one why you believe the account may require additional attention using the results of performing preliminary analytical procedures. Also, indicate the single management assertion you are primarily concerned with for each account. (See AS 1105.11 for a list and description of management assertions. If you need additional help to understand assertions review the portions of Topic 5 and the recorded lecture on assertions.) (Most of the points for this case are allocated to this question so think carefully about the content and organization of your answers. Follow the directions closely.)

Reference no: EM133227827

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