The primary purpose of this case is to help you become familiar with the content of filings that publiccompanies (“Registrants”) make with the Securities and Exchange Commission. As a public accountantyou’ll need to be very well versed in all accounting and auditing matters since in the eyes of the SEC, theindependent registered public accounting firm is considered “Expert” in accounting and auditing.
To successfully complete this case you will need to search for TESLA INC’s filings at www.sec.gov and analyze the most recently filed Annual Report – Form 10 K (which for many companies will most likely be for the year ended December 31, 2019 filing date will bebetween January-March 2020) and the Proxy Statement – Form DEF 14A (usually filed between March –May 2018). In preparing your case please include the exact source of the information for eachquestion. (For example – Form 10 K, Item 1, page #).
1. Briefly describe the company, the location of its corporate headquarters, its business, and at least threerisk factors along with their possible impact on the Company if it does not successfully manage theserisks. Why would auditors want to know about their clients’ business-related risks?
2. Describe The Company’s audit committee and its duties. Review the audit committee’s report anddescribe its primary concerns. Who is the designated financial expert on the audit committee? Does thedesignation as only one individual as a financial expert seem adequate for the complexity of TheCompany and the requirements of the Sarbanes-Oxley Act? Please explain.
3. Who is the auditor for The Company? What were the fees charged for audit services for each of the lasttwo fiscal years (2017 and 2018)? What were the type and amounts of other fees for services for each ofthe last two fiscal years? Do you believe the non-audit services provided by the auditor mightcompromise their independence, or perception of independence? Why?
4. The Sarbanes-Oxley Act of 2002 requires principal executive officers of publicly traded companies tosign certain certifications in the annual report and also in the quarterly reports. Name each certificationreport in the annual report (hint – this might be a separate exhibit under the 10-K filing). What is thename and title of the executive officer who signed each of the certification reports? Why do you thinkCongress felt that it was necessary to require executive officers to sign such certifications?
Is U Bank liable to Rubin and is he guilty of violating the Securities Exchange Act of 1934?
Describe an instance where a poor assessment of a risk resulted in a cost overrun or schedule delay in a project you are familiar with.
Discuss about the life and accomplishments of a historical figure in American Higher Education.
Write a detailed job outline that could be given to a teaching assistant so that they know what their role and responsibilities are.
Write a paper develop a teaching plan for one of the following vulnerable populations: Native Americans, Sexual Trafficked teenage Asian girls, LGBTQ persons, Opioid abusers, Children of migrant farm workers, Persons with bipolar disorder, Pregnant teenagers, Persons who are HIV+, War veterans with PTSD, Others requires professor permission.
Discuss and analyze how the economics at Emory Hospital market impact your management of its supply chain.
Explain how that approach enhances the employee performance in the hospitality industry and improves customer service and satisfaction.
What does biblical teaching tell us about conspicuous
What do you think a multicultural society would look like in America?
What settings should you allow users to change, and what settings should be controlled by the system administrator?