Homework: Understanding the Client and Performing Analytical Procedures
Overview
In this homework, you will prepare a two to three page report that addresses the requirements specified in the case. Include your calculations as part of your analysis and fully explain the results. Also, include a minimum of two current references to scholarly and/or authoritative sources.
Instructions
Your report must address all of the following:
o Address the overall understanding of the retail and wholesale industries and identified areas that impact financial reporting.
o Analyze Cloud 9's financial position and its business risks. Include ratios supporting the business analysis.
o Identify areas requiring special emphasis during the audit and potential problem areas.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.