What audit and internal control issues may arise


SEC 10-K Management Discussion Post and Analysis Contains Unread Posts

The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section is earlier in the report.

• The management of risk and uncertainty is often included in the MD&A section comments. What do you learn of interest here?

• Divisions and Product Lines may be discussed in the MD&A section. What audit and internal control issues may arise in these areas as you consider our chapters for the week.

• Management often explains higher or lower than expected in their comments. Discuss the profitability and other comments in the MD&A section as they relate to our chapters thus on audit strategy, risk, internal control, materiality, and management.

The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Financial Management: What audit and internal control issues may arise
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