Week 1 writing assignment part 1 | Auditing

 

The complete Writing Project and Presentation is found in Getting Started. Upload the portion of the project due this week.

Requirements:

Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.

Project Information:

One of your accounting firm’s high net worth clients, Todd Caito, is considering investing a significant amount of money in a new toy manufacturing company.  The company, Turf Products, is predicting it will have the hottest toy this holiday season, based on the sales revenue it has generated the last three quarters.  Todd has provided you with the detail for the revenue account and would like you to conduct some procedures and analyze the results.  Todd is concerned the revenue figure might be overstated. 

Week 1 Writing Assignment Part 1:

This project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and other sources do the following:

Week 1:  Write a 1-2 page memo to Todd Caito identifying risks to reliable financial reporting in the revenue cycle, including types of revenue related fraud, and other risks related to proper revenue recognition.

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