User Account

All Pages

What are the possible issues of concern based on red flags

Assignment Help Accounting Basics
Reference no: EM131562103

Auditing Discussion Question

You are assigned as a staff auditor for a high growth technology company that is in the process of planning for an IPO in 2 - 3 years. You are reviewing the sales of new technology and notice that sales growth is double digit and has increased considerably. Most of the sales occur in December (last month of the year). Management tells you that initial stock price is contingent on high sales growth. The CFO also confides in you that he is planning on retiring in a few years and is dependent on a high IPO stock price to make his retirement dreams come true in the next two years.

  • Are there any "red flags" regarding sales reporting?
  • What are the possible issues of concern based on the red flags?
  • Describe how you would alter the audit plan to address these issues?

Reference no: EM131562103

Questions Cloud

Express the number of liters of alcohol in final solution : A chemist adds x L of a solution that is 50% alcohol to 100 L of a solution that is 70% alcohol.
Express the cost c as a function of the length l : A company installs underground cable at a cost of $500 for the first 50 ft (or up to 50 ft) and $5 for each foot thereafter.
Establish fairness and validity in the hiring process : If you were hired as an I/O consultant on this case, what would you recommend to establish fairness and validity in the hiring process?
Express the mechanical advantage m of a plane : The mechanical advantage of an inclined plane is the ratio of the length of the plane to its height.
What are the possible issues of concern based on red flags : What are the possible issues of concern based on the red flags? Describe how you would alter the audit plan to address these issues
Discuss theories of learning and information : Discuss theories of learning and information processing as well as various methods of assessing intelligence and testing achievement.
Write a memo concerning the rise in criminal behaviors : Write a memo concerning the rise in criminal behaviors related to chemical addictions.Explain the different types of crimes.
Prepare the journal entry to record the issuance : Create an amortization table through December 31, 2019 (three interest periods) for this bond issue
Find area covered within outside perimeter of pentagon : The Pentagon, headquarters of the U.S. Department of Defense, is the world's largest office building.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd