Understanding the Client and Performing Analytical Procedures
Your report must address all of the following:
1. Address the overall understanding of the retail and wholesale industries and
identified areas that impact financial reporting.
2. Analyze Cloud 9’s financial position and its business risks. Include ratios supporting the business analysis.
3. Identify areas requiring special emphasis during the audit and potential problem
areas.
4. Address materiality in your response.
5. Use at least two current, quality academic or authoritative sources in this
assignment.
This course requires the use of Strayer Writing Standards. For assistance and information, refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
• Analyze a company’s financial position and business risks relative to an audit
