Financial Statement/Audit Report Review worth 350 points-plagiarism free all questions answered
Assignment 1: Banking Statement/Audit Address Review
worth 350 points
State of Maryland 2016 CAFR
You will be assigned one (1) accompaniment government and assay the banking statements and assay address for that entity.
Write a three to bristles (3-5) folio cardboard in which you:
Review the anterior area of the absolute anniversary banking address (CAFR).
Was the entity’s anniversary address awarded a “certificate of achievement for arete in banking reporting?” What is the significance of this award?
What are the key issues addressed in the letter of transmittal?
Review the banking section.
Did the entity accept an “unqualified” assay opinion? If not, why not?
Does the report accommodate Management’s Discussion and Assay (MD&A)? If so, what key issues are addressed?
What are the capital sources of the entity’s revenues, including those from both the governmental and business-type activities?
Does the report altercate the accounting base for acquainted revenues?
Does the entity’s government-wide account of net assets or governmental-fund balance area address “deferred revenue?” If so, what is the best acceptable reason this acquirement has been deferred?
What is this entity’s acreage tax rate?
At what percentage of fair bazaar amount is absolute acreage assessed?
When are property taxes due? When do absorption and penalties activate to accrue?
Did this entity accomplish acquirement from cartage fines? As best you can tell, are these revenues appear in the government-wide statements as affairs revenues (e.g., associated with badge or accessible safety) or as accepted revenues?
Does the report accommodate “required added information?” If so, what are the main areas addressed?
Does the report accommodate “combining statements?” If so, what is the attributes of these statements?
Does the report accommodate alternative added information? If so, what types of information are in this area of the report?
Review the statistical section.
What is the citizenry of your entity?
Who is the entity’s aloft employer
What types of advice are included in the statistical section?
State your assessment on the banking action of this entity. Your assessment should be accurate with the after-effects of your analysis.
When answering the questions above, amuse be specific by citation the folio cardinal or numbers from the CAFR!
Your appointment charge chase these formatting requirements:
· Be typed, bifold spaced, application Times New Roman chantry (size 12), with one-inch margins on all sides; citations and references charge chase APA or school-specific format. Check with your assistant for any added instructions.
· Accommodate a awning folio absolute the appellation of the assignment, the student’s name, the professor’s name, the advance title, and the date. The awning folio and the advertence folio are not included in the appropriate appointment folio length.
Grading for this appointment will be based on acknowledgment quality, logic/organization of the paper, and accent and autograph skills.
Order a unique copy of this paper