Assume you currently work at a CPA firm. During the assessment of internal controls, your firm...
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Accounting
Assume you currently work at a CPA firm. During the assessmentof internal controls, your firm concluded that your publicly tradedclient did not have accounting staff who met the firm’s criteriafor having adequate accounting expertise to ensure the company’sfinancials were prepared in compliance with appropriate accountingprinciples. This was identified as a material weakness and anadverse opinion was issued.
In a PowerPoint presentation, prepare information to furthertrain the audit team on how to handle issues, which includes:
the communication that is required with the client.
the actions that the client must take to mitigate theweakness.
the course of action your firm should take as it relates to thefinancial audit.
After the report had been issued, assume that the client hired aCPA with extensive reporting experience to manage the accountingdepartment. What part does this hiring decision play, if any, inyour firm’s decision?
Your presentation should meet the following criteria: Be 6-8slides in length, not including the title and reference slides.
Assume you currently work at a CPA firm. During the assessmentof internal controls, your firm concluded that your publicly tradedclient did not have accounting staff who met the firm’s criteriafor having adequate accounting expertise to ensure the company’sfinancials were prepared in compliance with appropriate accountingprinciples. This was identified as a material weakness and anadverse opinion was issued.
In a PowerPoint presentation, prepare information to furthertrain the audit team on how to handle issues, which includes:
the communication that is required with the client.
the actions that the client must take to mitigate theweakness.
the course of action your firm should take as it relates to thefinancial audit.
After the report had been issued, assume that the client hired aCPA with extensive reporting experience to manage the accountingdepartment. What part does this hiring decision play, if any, inyour firm’s decision?
Your presentation should meet the following criteria: Be 6-8slides in length, not including the title and reference slides.
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