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July 19, 2023

Understanding the Client and Performing Analytical Procedures

In this assignment, you will prepare a two to three page report that addresses the requirements specified in the Cloud 9 case. Include your calculations as part of your analysis and fully explain the results. Also, include a minimum of two current references to scholarly and/or authoritative sources.

Make sure to meet all requirements from PDF as well: file:///C:/Users/Student/OneDrive/Documents/School%20Work/ACC562/cf_ACC562_guide-to-case-study-analysis-McGraw-Hill.pdf

Instructions

Your report must address all of the following:

1. Address the overall understanding of the retail and wholesale industries and identified areas that impact financial reporting.

2. Analyze Cloud 9’s financial position and its business risks. Include ratios supporting the business analysis.

3. Identify areas requiring special emphasis during the audit and potential problem areas.

4. Address materiality in your response.

5. Use at least two current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources.

The specific course learning outcome associated with this assignment is:

· Analyze a company’s financial position and business risks relative to an audit.

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