Analysis and Audit Plan

Analysis and Audit Plan
Spring 2013
(Mohawk Industries)
The objectives of this project are as follows:
1. To acquaint students with the annual report and Form 10-K of a publicly held company audited by a CPA firm.
2. To provide data for the practical application of different steps in the audit process.
3. To allow students to experience writing as is done in an actual business/audit setting.
Logistics:
1. The final paper should be professionally presented in a report binder.
2. Double space the paper
3. Use Times Roman 12 font
4. There is not a required length.

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Analysis and Audit Plan
Spring 2013
(Mohawk Industries)
The objectives of this project are as follows:
1. To acquaint students with the annual report and Form 10-K of a publicly held company audited by a CPA firm.
2. To provide data for the practical application of different steps in the audit process.
3. To allow students to experience writing as is done in an actual business/audit setting.
Logistics:
1. The final paper should be professionally presented in a report binder.
2. Double space the paper
3. Use Times Roman 12 font
4. There is not a required length. However, most papers generally run about 8 pages in length. The paper should not exceed 10 pages.
Detailed Instructions:
Obtain a copy of a recent annual report of your assigned publicly held company (Mohawk Industries) with stock actively traded on the New York, NASDAQ or other over-the-counter exchanges. Each student will have a company from the list provided by the instructor.
Answer the following questions using appropriate business prose, i.e., answer the questions in the body of the report. Do not simply list the question and the corresponding answer.
a. What is the company’s industry?
b. What are its primary products?
c. What raw materials does the company use?
d. How large is the company:
Sales
Assets
Employees
e. Where is the company located?
f. What other people/companies are closely associated with this company?
g. Look at the annual report:
What image does it intend to convey?
What are the segments and functional contents of the report?
3. Obtain a copy of the Company’s 10-K report for the same date as the annual report. Answer the following questions:
a. How does the 10-K differ from the annual report?
b. Supplement the answers to the questions under 2 as appropriate.
4. Obtain outside information about the company and its industry. Answer the following questions:
a. What are the key economic factors about the…
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