Understanding the Client and Performing Analytical Procedures
In this assignment, you will prepare a two to three page report that addresses the requirements specified in the case for Parts 1 and 2. Include your calculations as part of your analysis and fully explain the results. Also, include a minimum of two current references to scholarly and/or authoritative sources.
Your report must address all of the following:
- Address the overall understanding of the retail and wholesale industries and identified areas that impact financial reporting.
- Analyze Cloud 9’s financial position and its business risks. Include ratios supporting the business analysis.
- Identify areas requiring special emphasis during the audit and potential problem areas.
- Address materiality in your response.
- Use at least two current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research.
- This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
- Analyze a company’s financial position and business risks relative to an audit.
- Institution Release Statement