Hello!
I really need help with this case study please.
The case is about " the marriage of Sharon and henry sawbines"
The case says that your initial is to compile a list of documents that could be requested via formal or informal discovery based upon your initial meeting with Mrs Sawbones and a review of the 2010 personal income tax return. However, Make a list connecting each document provided to the part of the interview or tax return that would have given you reason to request it.
The second aspect is to prepare a report for Mr Luke containing (1) a draft exhibit of marital assets, liability, and net worth listing all of the assets and liabilities and proposed values held jointly or individually by Dr .and Mrs sawbones as of December 31,2010, and (2) an exhibit of annual income for dr henry sawbones containing a summary of dr sawbone's annual income from all sources for the past five years.
INTRODUCTION s a second-year staff accountant in a public accounting firm, you have had both tax and assurance assignments. You are expecting this week to be somewhat different though. Last week, one of the firm's partners, John Luke, dropped by your office and said that you would be assisting him on a divorce case. Knowing of your interests in both tax and audit, Mr. Luke indicated that this particular assignment would allow you to utilize your skills in both disciplines in the rapidly growing area of financial forensics. Your reaction was, What is financial forensics?" Financial Forensics Mr. Luke explained to you that financial forensics is the broad field of accounting devoted to providing information that can be useful for resolving legal disputes. It includes litigation advisory services wherein the accountant serves as a consultant and potentially an expert witness. In this case, your accounting firm will be serving as the litigation consultant to assist an attorney in a divorce case. Financial forensics is a broad term that also encompasses fraud examination. Although a divorce case certainly has a potential for fraud (i.e., misrepresentations, concealment of assets), Mr. Luke explains that your firm's engagement letter clearly specifies that your report will be based on the representations provided to you through the legal process of discovery. Although practitioners in this field should always be alert for signs of deception or concealment, this case INTRODUCTION s a second-year staff accountant in a public accounting firm, you have had both tax and assurance assignments. You are expecting this week to be somewhat different though. Last week, one of the firm's partners, John Luke, dropped by your office and said that you would be assisting him on a divorce case. Knowing of your interests in both tax and audit, Mr. Luke indicated that this particular assignment would allow you to utilize your skills in both disciplines in the rapidly growing area of financial forensics. Your reaction was, What is financial forensics?" Financial Forensics Mr. Luke explained to you that financial forensics is the broad field of accounting devoted to providing information that can be useful for resolving legal disputes. It includes litigation advisory services wherein the accountant serves as a consultant and potentially an expert witness. In this case, your accounting firm will be serving as the litigation consultant to assist an attorney in a divorce case. Financial forensics is a broad term that also encompasses fraud examination. Although a divorce case certainly has a potential for fraud (i.e., misrepresentations, concealment of assets), Mr. Luke explains that your firm's engagement letter clearly specifies that your report will be based on the representations provided to you through the legal process of discovery. Although practitioners in this field should always be alert for signs of deception or concealment, this case
