CASE STUDY - FINANCIAL REPORT ANALYSIS
QUESTIONS -
1. In reading this case study, what is your first impression of the state of affairs with Pifco-Zen Chen Company Limited?
2. Is the company on the right track after you have read the financial statement?
3. Have you identify any problem with this company?
4. If you were to correct the financial statement using the supplementary notes given, what will be the final outcome, in terms, of the company's Net Worth?
5. Who is responsible for the sad state of affairs, which the company finds itself?
6. What are the responsibilities of the External Auditors?
7. What are the responsibilities of the Internal Auditors?
8. What actions can the company take with the three managers?
9. What lessons can the Chairman, Dr Wan take from this scenario?
Attachment:- Case Study.rar