Understanding the Client and Performing Analytical Procedures
Overview
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.
Instructions
Your report must address all of the following:
Address the overall understanding of the retail and wholesale industries and identify 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.
The specific course learning outcome associated with this assignment is:
Analyze a company’s financial position and business risks relative to an audit.
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APA
653 words