Write My Paper Button

WhatsApp Widget

FIN6002: Jane Goldsmith Plc, a listed company, is a leading UK retailer of up-market clothing, shoes and accessories: Audit Assignment, AU, UK

Question 2

Jane Goldsmith Plc, a listed company, is a leading UK retailer of upmarket clothing, shoes and accessories sold primarily under the “Jane Goldsmith” brand name. The brand represents classic styles, updated to reflect current fashion trends. Company stores offer a full range of business and casual outfits, shoes and accessories coordinated as part of a total styling strategy. The company places a significant emphasis on customer service; sales associates are trained to assist customers in item selection and wardrobe coordination, helping them achieve a classic yet chic and current look, while maintaining the customers’ personal styles.

The company’s core business is focused on relatively affluent, fashion conscious professional women with limited shopping time. Substantially all of the company’s merchandise is developed inhouse by its product design and development teams. Production of merchandise is sourced to independent manufacturers in 14 countries. Approximately 35%, 15% and 5% of the company’s merchandise is manufactured in China, Thailand and Indonesia respectively.

Are You Looking for Answer of This Assignment or Essay

Pay & Buy Non Plagiarized Assignment

The company operates 80 stores countrywide (under operating leases), having closed down 35 stores over the last two years. Merchandise is distributed to the company’s retail stores through three distribution centres spread across the UK.

The company also makes sales online and is highly rated for having one of the UK’s top five impressive fashion search databases online.

Jane Goldsmith Plc. remained profitable amid the global financial crisis and as at 31 January 2023, the company had gross revenue of £1.3 billion and net profit of £121 million. The company recognises revenue as and when merchandise is sold to clients and a provision for estimated returns is established when sales are recorded. In terms of expenses, the company
spends a lot on advertising and marketing; (Advertising costs were approximately £65 million for the year to 31 January 2023); salaries and wages (£245 million as at 31 January 2023), among others. The company’s noncurrent assets as at 31 January 2023 are valued at £1.1 billion.

However, the company intends to focus on reducing its cost structure over the next financial year, in light of the volatile nature of the current economic environment.

Your firm, Holmes and Poirot, is in the initial planning phase of the audit for the year ended 31 January 2023. As the audit senior, you have been assigned responsibility for determining materiality. The audit partner has performed a preliminary analysis of the company and its performance and believes the likelihood of fraud is low.

Required:
a) Detail the matters to which you would pay particular attention in obtaining the required knowledge of the business and in developing your audit plan for the year ended 31 January 2013.

b)Identify and describe FOUR matters that give rise to audit risks associated with the of Jane Goldsmith Plc.

c)Explain the concept of materiality” and its importance during the audit planning process.

Buy Answer of This Assessment & Raise Your Grades

Request to Buy Answer

The post FIN6002: Jane Goldsmith Plc, a listed company, is a leading UK retailer of up-market clothing, shoes and accessories: Audit Assignment, AU, UK appeared first on Students Assignment Help UK.

Read more

In this section, you will describe the pathology (statistics about it, background information, etc.). Give as much information as you can about it but be sure it is relevant information and not just filler.

APA 7th edition Title page: This is a separate page by itself, with the following information centered in the middle of the page: course title, paper title, student’s name, instructor’s name, and date. Description of Pathology: Start the paper on a new page. In this section, you will

By adeptance

You will be given a copy of a seized forensic image which contained email files. You should conduct a digital forensics investigation to analyse and identify any hidden evidence of

Assignment Tasks and Deliverables You will be given a copy of a seized forensic image which contained email files. You should conduct a digital forensics investigation to analyse and identify any hidden evidence of unusual activity. You were also told that the MD5 hash value of the forensics image file

By adeptance

Review Chapter 1—specifically the discussion of developmentally appropriate practice on page 13—and take and reflect on the short Learning and Teaching inventory on pages 6–7. ·

Part 1 ·        Review Chapter 1—specifically the discussion of developmentally appropriate practice on page 13—and take and reflect on the short Learning and Teaching inventory on pages 6–7. ·        Consider the variety of influences on a child's development. ·        Think about how these influences affect the child's approach to learning

By adeptance