The company has several operating and capital leases in place, and the
CFO is considering leasing a substantial portion of the assets for
future use. The current leases in place are arranged using special
purpose entities (SPEs) and operating leases.
The company seeks to acquire a global partner, which will require
IFRS reporting.
The company received correspondence from the Securities and
Exchange Commission (SEC) requesting additional supplemental
information regarding the financial statements submitted with the
IPO.
Write an eight to ten (8-10) page paper in which you:
Evaluate any damaging financial and ethical repercussions of failure
to include the inventory write-downs in the financial statements.
Prepare a recommendation to the CFO, evaluating the negative impact
of a civil fraud pe