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What are audit and internal control issues

Assignment Help Auditing
Reference no: EM13834983

Topic is Macy's INC use annual report 2014 and other.

Paper personation 5 to 7 and power point only 10 slid.

Case Study Accounting: Using the publicly traded U.S. Corporation that you selected to study this semester and address the following questions in your paper:

I. Company's business and industry
a. What is the company's industry?
b. What are its primary products?
c. State your corporation's position on the Fortune 500 List for the current year.
d. How large is the company:
_ sales
_ assets
_ employees
e. Where is the company located?
f. Compare your company to its competitors

II. Assess client business risk
a. What are audit and internal control issues?
b. What are the five or six most important factors for success in this business?
c. What are some of legal or regulatory matters that impact your company?
d. What are some of social matters that impact your company?
e. Assess the financial strength of your company.
f. How is the financial strength likely to change in the next year or so?
g. What are its sources of capital and what is the value of the company's capital?
h. What are some foreign currency issues that your company are facing?
i. How is your company performing compare to its competitor?

III. Audit Reports
a. Audit Firm that conducted the audit
b. Audit opinion for the last two years
c. Deficiencies - discuss deficiencies identified during the audit.

IV. Conclusion

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Reference no: EM13834983

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