BU547 Lecture Notes - Lecture 4: Audit Risk, Financial Statement, Gross Margin
Document Summary
From: harford & harford llp audit senior, ca. The bank is eager to see their financial statements, so need to begin january 2006. Prepare the audit planning memo with the new changes to be considered in the audit plan: ramp. Account for new accounting issues: state accounting issues. Recommendations on improving their movies by mail system: wire. How did the a/r jump from a 0 value to 42,100,000. Should further examine the previously viewed dvds for sale account. Analyze the movies by mail and no late fees, accounts to ensure they are being correctly recorded. First time taking out a loan, and want to look good for the bank, to make themselves seem profitable. Need to adjust the system, where individuals are not only charged when they come to the store the following purchase, because individuals can not show up and will not be charged nor will they return the dvd.
