ACC 499 Week 10 Assignment 3 Capstone Research Project( 2 Papers)
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� From the case study, examine the influence of both Apple’ s reported deferred revenue and the lobbying by Apple executives on FASB’ s ruling. Indicate your agreement or disagreement with Apple’ s attempt to influence FASB’ s ruling.
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ACC 499 Week 10 Assignment 3 Capstone Research Project( 2 Papers)
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This Tutorial contains 2 Different Papers
ACC 499 Week 10 Assignment 3: Capstone Research Project
Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering( IPO) of the company was approximately five( 5) years ago and the company is concerned that, in less than five( 5) years after the IPO, a restatement may be necessary. During your initial evaluation of the client, you discover the following information:
The client is currently undergoing a three( 3) year income tax examination by the Internal Revenue Service( IRS). A significant issue involved in the IRS audit encompasses inventory write-downs on the tax returns that are not included in the financial statements.