Ocean Manufacturing Case

602 WordsFeb 7, 20163 Pages
Acct 4080Ocean Manufacturing Case1.1) Obtain and review financial information about the prospective client: annual reports, interim statements, registrations statements, Form 10-k’s, and reports to regulatory agencies.2) Detailed criminal background checks of senior managers.3) Evaluate the public accounting firm’s independence with regard to prospective clients.4) Inquire of the prospective clients’ bankers, legal counsel, underwriters, analysts, or other persons who do business with the entity for information about the entity and its management.5) Consider the need for individuals possessing special skills or knowledge to complete the audit (e.g., IT auditor, valuations specialist, industry specialist)2. Overall, after calculating a…show more content…
C. A large amount of different auditors.
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