Analyzing A Copy For The Means Of Producing A Deliverable Audit Report

The Home Depot’s two main customers are at home “do-it-yourselfers” and contractors. The main products and services offered help solve the wants and needs of customers involved with home construction and maintenance,

The Home Depot mission statement reads as follows: “The Home Depot is in the home improvement business and our goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. We are a values-driven company and our eight values include the following: excellent customer service, taking care of our people, giving back, doing the “right” things, creating shareholder value, respect for all people, entrepreneurial spirit, and building strong relationships.”

This course is the first in a two-part series that deals with auditing a company 's financial reports, internal controls, and

Financially, Home Depot has had a strong fiscal year with “ reported sales of $24.9 billion for the second quarter of fiscal 2015, a 4.3 percent increase from the second quarter 2014” (The Home

Home Depot is the fastest growing retailer in the U.S. by some accounts. It has a fascinating history of innovation and entrepreneurship. The company had some difficulties in the mid-2000s that some attribute to cultural clashes. However, during this period the company was able to take full advantage of the housing boom. Yet when the bubble burst, Home Depot was forced to claim substantial losses. Despite these loses Home Depot has weathered the storm fairly well and is in prime position to take advantage of an economic recovery; if it ever comes.

The Home Depot knows that they must stay on top of technology and management must be able to organize this function in a way that surpasses the competition, pleases the customers, and keep the employees satisfied.

Home Depot and Lowe’s are both large successful home improvement retailers. This paper discusses the background of both companies and goes into detail about the financial ratios including profitability and liquidity ratios. The paper also discusses business risks, audit risks, and the proper audit procedures that are necessary. The paper focuses on audit procedures of three important asset accounts: Cash, inventories, and accounts receivable.

When disaster strikes, The Home Depot is among the first organizations on the scene to ensure its customers have the supplies, resources and support they need to rebuild their homes and communities.

Home Depot is a well-known company that sells many products and services involving the construction and building industry along with simple home supplies and appliances. For example, they sell tools and different kinds of plywood. They also sell siding, drywall and fencing and many other home building supplies for contractors and do it yourself homeowners. Additionally, they offer a wide variety of landscaping products such as gardening, grass seed, plants pine straw and tools for gardening. Home Depot doesn’t just sell products, they offer construction and design services as well. Some of these services include bathroom design and remodeling, which includes the installation of tubs and shower lining, walk in tubs, toilet, and other plumbing needs. There design services include the installation of blinds and shutters, closets and storage

Home Depot is a large retail home improvement Store. They sell an assortment of home improvement products, building materials, lawn and garden products, and also provides various services. The strategy I feel that works well The Home Depot stores focuses on serving three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. Home depot has approximately 2,278 stores across the United States and Puerto Rico.

The objectives an audit team hopes to accomplish by preparing a proper set of audit workpapers is to facilitate the planning, performance, supervision of the engagement, and provide evidence supporting significant conclusions by the auditor in accordance with the PCAOB. A record of the evidence, samples tested and the conclusions are presented to supervisors and partners for review

They operate in the home improvement retail industry. Home Depot uses the business strategy of focus low cost differentiation. They promise the lowest prices, and if a consumer finds a price

Home Depot utilized its assets with better efficiency to generate revenues in all three years than Hechinger Company. The higher asset turnover demonstrated Home Depot’s ability in resources control. Home Depot’s financial leverage increased more than 50% from 1984 to 1985, but outperformed Hechinger in 1984 and 1985. It borrowed more debt to support its expansion plan. There were minimal differences for average tax rate between Hechinger and Home Depot in 1983 and 1984. However, Home Depot had a much lower effective tax rate in 1985. Due to the fact that Home Depot did not pay cash dividends, Home Depot’s sustainable growth rate equaled its ROE, which decreased through the years due to the drop in earning and increased

This case has two learning objectives. First, it provides the student an opportunity to apply auditing concepts to a “real-life” audit client. The client, Biltrite

The Company operates retail stores and call centers, and conducts online retail operations. Home Depot is considered a service based business. Home depot depends on people and the client experience and it also targets different markets in general.