Question Details

ACCT 495 Week 4 Assignment 1 Auditor's Questions for CFO 

Purpose
To evaluate financial statement data for a corporation in preparation for year-end financial statements and disclosure notes.

Action Items
1.	With your group, review the Year Two journal, ledgers, and financial statements prepared by the CFO found in Requirement 5's reading. The Requirement 5 document can be found in the Business Activity Model (BAM) under the Year 2 folder. The password is provided by your instructor.
2.	Develop and list 7 to 10 in-depth questions and/or requests for additional information that you would ask the CFO to provide in order to clarify the financial statement data that you read over. The answers will be used in the preparation of year-end financial statements and disclosure notes.
3.	Be as specific as possible and phrase your requests in the form of questions that would normally be asked of a client.
4.	With your group, compare your individually developed questions and come to consensus on a master list of questions for the CFO.
5.	Participate in next week's online session to discuss with CFO.
6.	Post your CFO questions regarding Year Two at the designated discussion topic folder for your professor and/or class members to respond to.
7.	Reply to at least two other class member postings.

Submission Instructions
•	Click the Submit button in the Toolbox to upload your completed assignment by the specified due date.
•	Participate in next week's online session to discuss with CFO or as assigned by instructor.
•	Click the Discuss button in the Toolbox to make your postings by the due date assigned by your professor.
Grading Criteria
•	Questions are clear, concise, and relevant: 0 - 10 points
•	Posting of questions to Discuss topic and notivication of Week Five online class meeting for participation: 0 - 3 points.
•	Posting replies to fellow class member and professor postings: 0 - 2 points.