the purpose of part 1 is to perform

the purpose of part 1 is to perform preliminary analytical procedures as part of the audit planning process. you have been asked to focus your attention on two purposes of analytical procedures: obtain an understanding about the client's business and indicate where there is an increased likelihood of misstatements.
a. Refer to the financial statement data in Figure 8-9 for the current year and prior two year. Analyze the year-to-year change in account balance for at least five financial statement line items. Document the trend analysis in a format similar to the following:

b. Calculate at least five common ratios shown on pages 250-252 and document them is a format similar to the following:

c. based on the analytical procedures calculated in parts A. and B. , summarize your observations about pinnacle's business, including your assessment of the client's business risk.

d. go to the Pinnacle link on the textbook Web site and open the Pinnacle income statement, which is located in the Pinnacle Income Statement worksheet of the pinnacle_Financials Excel file. Use the income statement information to prepare a common-size income statement for all three years. See Figure 8-7 for an example. Use the information to identify accounts for which you believe there is a concern about material misstatements. Use a format similar to the following:

e. Use the three divisional income statement in the pinnacle_financials Excel file on the Web site to prepare a common-size income statement for each of the three divisions for all three years. Each division's income statement is in a separate woeksheet in the Excal file. Use the information to identify accounts for which you believe there is a concern about material misstatements. Use a format similar to the one in requirement D.

f. Explain whether you believe the information in requirement D. or E. provides the most useful data for evaluating the potential for misstatements. Explain why.

g. Analyze the account balance for accounts receivable, inventory, and short/current long-term debt. Describe any observations about those accounts and discuss additional information you want to consider during the current year audit.

h. Based on your calculations, assess the likelihood (high, medium, or low) that Pinnacle is likely to fail financially in the next 12 months.

ผลลัพธ์ (ไทย) 1:

The objective of Part 1 is to carry out the preliminary analysis as part of the audit planning process, you are asked to focus your attention to the second objective of the process: understanding the client's business, and given that the chance to. up misstatements a. 8-9 refer to the financial statements in the current year and two years before the change year-on-year in the account for at least 5 of the financial statements to analyze trends in a format similar to the following: B. Calculate the ratio is less common on the 250-252 and documents in a format similar to the following: the process of analyzing the in A. and B., c. Remarks about the business of Pinnacle. The Including risk assessment, client business d. With the aim of linking texts website. And turn the Pinnacle reduced income. Sheet, income statement, which is in the Pinnacle of the Excel pinnacle_Financials income statement data to provide a common size income statement, a total of three years , see Figure 8-7, for example , use this information to identify clients. you believe There are concerns about the material misstatements using a format similar to the following: E. The statement of income in the three divisional Excel pinnacle_financials. On site to prepare statements for each of the three dimensions of a three-year income statements of each of the woeksheet separate file. Excal use this information to identify customers that you believe. There are concerns about the material misstatements in a pattern similar to that described here. Do you believe in or E. D. The information is most useful in assessing the potential for. misstatements explain why g analytical balance for accounts receivable, inventory and long-term debt / Current describe any observations on those accounts. And talk, the more you have to consider during the examination of the current year h. Calculated by evaluating opportunities (high, medium or low), Pinnacle has a tendency to fail financially in 12 months.

ผลลัพธ์ (ไทย) 2:

The purpose of the first step is to conduct a preliminary analysis as part of the planning stage of the audit , you have been asked to focus your attention on the two purposes of analysis. ได้รับความรู้ความเข้าใจเกี่ยวกับธุรกิจของลูกค้าและระบุที่มีโอกาสเพิ่มขึ้นของการขัดต่อข้อเท็จจริง
อ้างถึงข้อมูลงบการเงินในรูปที่ 8-9 ในปีปัจจุบันและก่อนสองปีวิเคราะห์การเปลี่ยนแปลงปีต่อปียอดเงินในบัญชี for at least five lines of the financial statements to analyze trends in a format similar to the following: the calculation of at least five common ratio shown on page 250-252 and document them into a format that is similar. the following: C , based on the analysis of the calculation in section A and B summarize your observations about the business, the climax of the risk assessment of the client's business. Send the link Pinnacle. In textbooks, websites and opening statements of income, which is located in Pinnacle Pinnacle sheet, income statement of the file. pinnacle_Financials Excel data used to prepare the statement of income in the income statement on a common scale for all three years , see Figure 8-7, for example, to specify the account information that you believe are concerned about the material that is contrary to the facts used. format similar to the following: The income statement in the third division. pinnacle_financials Excel files on the site to prepare the income statement for all three divisions, each the size of a typical three-year income statement is that each person in woeksheet separate file. EXCAL use the information to identify the account that you believe are concerned about the material that is contrary to the fact pattern similar to the one in need. D. C. Explain that you believe that the information in the DE or to provide information that is most useful for assessing the potential for material misstatement explain why. g the account balance for accounts receivable, inventory, and short / debt. current term describes any remarks about them and discuss the information that you need to consider in examining the current year. hours depending on your calculations to evaluate the possibilities. (High, medium or low), Pinnacle Financial is likely to fail in the next 12 months.