˃ Publicly traded company that received an unqualified audit report from external auditors and faced accusations of reporting false or misleading accounting information. Discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report. ˃some items deducted in preparing corporate financial statements are not deductible in preparing corporate tax returns and vice versa. Discuss two book-tax differences, explaining whether they are favorable or unfavorable. Watch https://www.youtube.com/watch?v＝dt_yubkp4HI The State Budget Process and then please respond to the following: After watching the steps in the budgeting process summarized in the NASBO presentation, analyze why the variances reported in the “final” budget-to-actual comparisons may not be valuable in revealing the reliability of the budget estimates made at the start of the year. Why do you speculate this to be true?
