1. Provide examples of transactions that may have significant consequences on the future cash position of a company but which are reported on the statement of cash flows.

2.  List four sources of accounting distortions and four earnings management areas that offer maximum opportunities to managers.  

3. Explain the importance of investors and creditors in an organization.

4. State at least seven (7) emerging users of financial statements of a company.

5. List the major types of audit qualifications and under what circumstances is each of these given.

6. What are the varying risk implications to an analyst who relies solely on audit results?

Answer rating: 100% (QA)

1 Below are the few examples that are reported on the statement of cash flows and it has significant consequences on the future cash position of the c... View the full answer