A company has recently met with the auditors to discuss the scope of the year's audit. I need help with these questions.
1. Discuss the reason for an integrated audit.
2. Give a recent failure of a corporate governance. What action did the public think was necessary to improve the quality of corporate governance in this example?
3. Give a definition of auditing and corporate governance to help in the understanding of an integrated audit.
Choose 2 companies, one in the manufacturing industry and one in the service industry, find their financial statements for the last 2 years.
In a 3 to 4 pages, explain the differences in the financial statements for the two companies. All references must be cited
1.What accounts are found on one set of financial statements that are not found on the other set? Compare and contrast the capital structure of the two companies.
2. When evaluating the financial statements of the same company, identify and analyze what happened to that company for the 2-year period being compared, If there was an increase or decrease in an account, what happened in the company to cause the change? For example, if the company's profit increased during the period, what happened in the company to cause this increase?
Evaluate the two companies' financial statements without using ratio analysis when evaluating these companies' financial statements.