Project

The main objective of this field project is to explore the main differences in the content and format of audit report before and after the accounting scandal in United Sates of America ( Enron case).

Required:

Download the annual reports 2002 & 2020 of Procter & Gamble Company and visit the financial statements section to answer the following questions:

Q1 What are the types of financial statements?

Q2 Using the following table, Classify each type of financial statements as a period of time statement or a point in time statement

	Period of time statement	Point in time statement

Q3 Using the following table, Classify each type of financial statements as a matching statement, a balancing statement , or a reconciling statement

	Matching statement	Balancing statement	Reconciling statement

Q4 What is the applicable accounting framework ( Standards)?

Q5 what is the applicable auditing framework ( Standards)?

Q6 What is the type of audit opinion? Justify your answer

Q7 What are the main differences in the content and format of audit report before and after accounting scandal?

Marking Criteria

Total marks: 15

UAEU	ACCT 315 Field project Evaluation

Maximum Score

Q1 1 Mark

Q2 1 Mark

Q3 1 Mark

Q4 .5 Mark

Q5 .5 Mark

Q6 3 Marks

Q7 8 Marks

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15 Marks