Question 1

Identify and explain two of the possible limitations of ratio analysis.

Question 2

Describe how pressure exerted on senior management by shareholders and other parties may impact the accuracy of financial statements.

Question 3

Suggest one action management can take to mitigate the risk of fraud occurring when financial statements are being compiled.

Question 4

View the annual report and financial statements of M&S for 2017.

Do you think M&S is performing well as a business? Provide three examples or arguments from the annual report to justify your answer. You may use any information found in the report to support your answer.