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market and cross border leases of assets. Examine the benefits and
risks of your chosen position.
Examine the major implications of SAS 99 based on the factors you
discovered during the initial evaluation of the company. Provide
support for your rationale.
Analyze the potential for a material misstatement in the financial
statements based on the issues identified in your initial evaluation.
Make a recommendation to the CFO for the issuance of
restated
financial statement restatement. Identify at least three (3) significant
issues that can result from the failure to issue restated financial
statements.
Examine the economic effect of restatement of the financial statements
on investors, employees, customers, and creditors.
Use five (5) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any
additional instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date.
The cover page and the reference page are not included in the
required assignment page length.
The specific course learning outcomes associated with this assignment
are:
Analyze accounting situations to apply the proper accounting rules
and make recommendations to ensure compliance with generally
accepted accounting principles.
Analyze business situations to determine the appropriateness of
decision making in terms of professional standards and ethics
Use technology and information resources to research issues in
accounting.
Analyze business situations and apply advanced federal taxation
concepts.