Podcast
Questions and Answers
How do external auditors contribute to financial statement analysis?
How do external auditors contribute to financial statement analysis?
External auditors render opinions about the fairness of financial statements.
What role do internal auditors play in analyzing financial statements?
What role do internal auditors play in analyzing financial statements?
Internal auditors analyze asset efficiency with various turnover measures.
How can external auditors utilize asset turnover ratios in their analysis?
How can external auditors utilize asset turnover ratios in their analysis?
External auditors can use asset turnover ratios to assess the reasonableness of management's asset account balances.
What is the purpose of government agencies analyzing financial statements?
What is the purpose of government agencies analyzing financial statements?
How do government analysts assist in regulating specific industries?
How do government analysts assist in regulating specific industries?
Why is it important for auditors to be independent in rendering opinions about financial statements?
Why is it important for auditors to be independent in rendering opinions about financial statements?
What is the primary source of financial information that financial statement analysts heavily rely on?
What is the primary source of financial information that financial statement analysts heavily rely on?
What does an unqualified audit report indicate about a company's financial statements?
What does an unqualified audit report indicate about a company's financial statements?
What types of audit reports may signal analysts to closely monitor certain items or avoid the company altogether?
What types of audit reports may signal analysts to closely monitor certain items or avoid the company altogether?
What do unqualified audit opinions signal to financial statement analysts?
What do unqualified audit opinions signal to financial statement analysts?
Why do corporations usually provide an annual report to their shareholders?
Why do corporations usually provide an annual report to their shareholders?
What should financial statement analysts do when a company's financial statements receive an adverse opinion or disclaimer?
What should financial statement analysts do when a company's financial statements receive an adverse opinion or disclaimer?
When auditors resign from an engagement, what signal does it send to financial statement analysts?
When auditors resign from an engagement, what signal does it send to financial statement analysts?
Why do auditors add explanatory language to an audit report when a company receives anything but an unqualified opinion?
Why do auditors add explanatory language to an audit report when a company receives anything but an unqualified opinion?
What should financial statement analysts pay close attention to in an audit opinion?
What should financial statement analysts pay close attention to in an audit opinion?
When auditors express doubt about a firm's ability to continue as a going concern, what does it indicate?
When auditors express doubt about a firm's ability to continue as a going concern, what does it indicate?
What external factors can assist financial statement analysts in their analysis besides the audit report?
What external factors can assist financial statement analysts in their analysis besides the audit report?
