Report Tasks:

Financial Statement Analysis

CLR 6: Investigate the relationship between management assertions, audit objectives and the basic elements of audit reporting. Identify the various types of audit evidence required to test these assertions.

CLR 7: Identify and calculate audit risk. Assess the planning tools used by public auditors to fulfil their audit obligations and serve the public need.

CLR 8: Discuss how a company's control environment and information systems can affect its financial information and could result in the risk of financial statement misstatements.

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You are required to conduct a financial statement analysis of a publicly listed company (PLC) from the following list:

Brick Brewing Company Limited

Big Rock Brewery

Jean Coutu Group

Indigo Books and Music Inc.

Magna International Inc.

Maple Leaf Foods Inc.

Metro Inc.

Mitel Networks

Saputo Inc.

Second Cup Coffee Company

SNC-Lavalin Group Inc.

CGI Group Inc.

WestJet Airlines Ltd.

Cineplex Inc.

Cara Operations Limited

George Weston Limited

Loblaws Company Limited

Celestica Inc.

Leons Furniture Ltd.

Jean Coutu Group Inc.

Roots Ltd.

Canadian Tire Corporation

Air Canada

National Canadian Railways

High Liner Foods Inc.

Tim Hortons Inc. (uses the name Restaurant Brands International Limited Partnership uses US GAAP which I will allow for this assignment)

Rogers Communications

Alimentation Couche-Tard Inc.

The analysis should be divide in the following three parts:

Part I: Knowledge of the Clients Business and Risk Assessment (no more than 500 words)

1-You should provide an overview of the companys business, industry it operates in, its products/service, its geographical presence and the details of the top management of the company.

Part II: Analytical Review and Calculation of Critical Financial Ratios

1-You should conduct financial ratio calculation and interpretation for the latest year end numbers. No need to show calculations. Only the final result and its interpretation/analytical insights are required.

2-Calculate and provide analytical insights of various ratios under liquidity ratios, profitability ratio, and solvency ratios.

3-Perform horizontal common size financial statement analysis using 2017 as the base year and provide analytical insights.

Part III: Audit Report and Risks (no more than 800 words)

1-Go into the Annual Report and look for managements risk analysis most companies will assess the future business risks of their company.

2-Describe one risk facing the company that is interesting and different from all other types of companies i.e., it is specific to its business DO NOT DISCUSS ANYTHING TO DO WITH SOFTWARE TECHNOLOGY AS THIS IS COMMON TO ALL COMPANIES

3-Go to the Independent Auditors Report and identify the auditor of the company and determine if the company receive a clean opinion? How do you know?

4-Check for any related party transactions disclosed you may need to go to the Notes to the F/S unless management has disclosed it in the MD&A Select one related party noted and provide details on what was involved in the transaction and who the transactions were with.