Assurance Essay Example | Topics and Well Written Essays - 750 words

Assurance - Essay Example4- a client representation letter is a written statement from a nonindependent source and therefore cannot be regarded as reliable evidence. For example, if there were a hidden information source that did shown to auditor, then it relay on the Winery at Chateau Americana.6 - As an audit committee, communication with the board of the directors would make to a greater extent sound audit reports, and it would lead the audit committee to express an opinion for better future planning.B - in that location are two pending litigation matters. The first is from a former employee who is seeking damages for injuries continue while employed by the company. The employee was injured as a result of the companys neglectful maintenance of the workplace safely equipment as required by the Occupational Safety. Also, there is an uncertain acquittance on contingency liability by $500,000, of which McKenna, Harmon & Jacobs did not give an opinion about the matter.122 A - Notes regarding incidental events affecting the current years financial statements could be affected by the report in pending litigation, restructuring of long-term debt and updating the new accounting firmFocus on spending bullion on outside growers because 75% of their usage of grapes is from external sources. As a suggestion, the winery should look for more third parties with higher quality and lower prices to reduce the 75%