Using the SEDAR database, find the most recent annual reports for two Canadian retailers (e.g., Loblaw, Rona,
Question:
Using the SEDAR database, find the most recent annual reports for two Canadian retailers (e.g., Loblaw, Rona, Danier Leather).
Required:
a. Based on the information provided in the companies’ audited financial statements and the Management Discussion and Analysis (and, optionally, other Internet
research you may wish to do), use the planning document shown in Exhibit 5–9 to identify and list key information items that should be documented in the “Engagement Characteristics” section of the overall audit strategy for each these companies.
b. What do you think would be the most significant audit issues in each company? Explain issues that would be similar in each audit. For any issues you identify that would differ between the companies, explain why you think these differences would exist.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley