Please answer these questions passed on the attachment case:
=================================================================
1- See the “The Leslie Fay Companies” case for this question.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowPrepare common-sized financial statements for Leslie Fay for the period 1987– 1991. For that same period, compute for Leslie Fay the ratios shown in Exhibit 2. Given these data, which financial statement items do you believe should have been of particular interest to BDO Seidman during that firm’s 1991 audit of Leslie Fay? Explain.
=================================================================
2- See the “The Leslie Fay Companies” case for this question.
In addition to the data shown in Exhibit 1 and Exhibit 2, what other financial information would you have obtained if you had been responsible for planning the 1991 Leslie Fay audit?
=================================================================
3- See the “The Leslie Fay Companies” case for this question.
List nonfinancial variables or factors relevant to a client’s industry that auditors should consider when planning an audit. For each of these items, briefly describe their audit implications.
=================================================================
4- See the “The Leslie Fay Companies” case for this question.
Paul Polishan dominated Leslie Fay’s accounting and financial reporting functions and the individuals who were his subordinates. What implications do such circumstances pose for a company’s independent auditors? How should auditors take such circumstances into consideration when planning an audit?
=================================================================
5- See the “The Leslie Fay Companies” case for this question.
Explain why the SEC ruled that BDO Seidman’s independence was jeopardized by the lawsuits that named the accounting firm, Leslie Fay, and top executives of Leslie Fay as codefendants.
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!
NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
