You have been assigned to the Audit of Tesla for year ended 2 0 2 3 ,
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Question:
You have been assigned to the Audit of Tesla for year ended congratulations.
The audit manager on the engagement has asked you to assist in the audit planning process and has requested the following:
Read over Teslas K including the MD&A and Market Risks sections and answer the following questions:
List three relevant facts about Tesla that you think might have an impact on the financial statements.
Define what is meant by a significant account or disclosure
Identify at lease two significant accounts or disclosures from the financial statements of Tesla
Define what is meant by a relevant assertion
Identify at least one relevant assertion assertions for each of the following accounts:
a Revenue
b Cash
c Fixed Assets PPE
d Accounts payable
e Debt & Finance Leases
Perform an analytical analysis on the companys Statement of Operations and note or recommend any items that the audit team should focus on
You should write up your thoughts in a memo. Post it Black Board on the assignment icon that is provided and be prepared to review in class Wednesday
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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