Auditing & Assurance Scenario:

You work for a regional firm of chartered accountants, Evergreen and Poplar LLP. Your reporting partner has asked you to develop and populate a database of corporate information to enable audit teams to easily benchmark client performance for the coming audit season. You need to analyse the performance of one company from the FTSE 350 to contribute to this database.
It is important that you focus on significant information only as the audit teams will have limited time to assimilate the information that is presented to them and for this reason a 1,500 word report is required.
Prior to commencing your work you must notify the reporting partner, Ms Jan Loughran, of the company you are proposing to analyse to ensure that there is no duplication of information. Notification is via a signup sheet located outside D339a and should be completed using your anonymous student code. You need to ensure that you have cleared your choice with her no later than February 14th 2015.
You should prepare your analysis on the latest company results and therefore the company results must be later than 30/9/13.
Required
You must present a professional report to your manager with supporting references from academic research, professional sources and examples from your company.
For your company:
a) Explore and assess the financial performance over the three years and current exposure to risk of corporate failure.
b)Assess the impact of the revised requirements for revenue recognition upon the companys results for the year, exploring the need for reporting accountants to practise within the ethical codes prescribed by the accounting professional bodies.