Need a report answering: – Requirement 2 (a) – Requirement 11 (a) -…

  

Need a report answering: – Requirement 2 (a) – Requirement 11 (a) -… Need a report answering: – Requirement 2 (a)- Requirement 11 (a)- Requirement 12 (a)For Requirement 2, include citations/quotations from AS 2105 and AU-C 320 as a basis for your answer.For Requirement 12 (a), include citations/quotations from AS 2401 and AU-C 240 as a basis for your answer.Image transcription textAmerican Accounting Association DOI; 10.2308/iace-51361Diamond Foods, Inc.: A Comprehensive Case in FinancialAuditing Mahendra R. Gujarathi Bentley University I… … Image transcription textGujarathi Founded in 1912 with a strong heritage under theDiamond of California brand, Diamond Foods was convertedfrom an agricultural cooperative association to a De… … Image transcription textDiamond Foods, Inc.: A Comprehensive Case in FinancialAuditing 97 EXHIBIT I Common-Size Balance Sheets andStatements Panel A: Balance Sheets, July 31 (amou… … Image transcription text98 Gujarathi EXHIBIT 1 (continued) Panel B: Statements ofOperations for the Year Ended July 31 (in thousand dollars,except per share amounts) 2006 2007 2008 Netsa… … Image transcription textDiamond Foods, Inc.: A Comprehensive Case in FinancialAuditing 99 EXHIBIT 1 (continued) Panel C: Statements of CashFlows for the Year Ended July 31 (in thousand dollar… … Image transcription text100 . anarathi EXHIBIT 1 (continued) Source: Annual Repons ofDiamond Foods. Exhibit 1 is available for download as an Excelspreadsheet. see Appendix A. _____——.—….—_____.—… … Image transcription textDiamond Foods, Inc: A Conwreltensive Care in Financial Auditing101 Similarly, a Diamond employee who worked in the humanresources department from May 2011 through June… … Image transcription text102 Gujaratht’ was involved in the due diligence on its behalf.Deloitte’s report (filed on September 15, 2011, 15 days before theSEC deadline) provided an unqualified audit opinion… … Image transcription textDiamond Foods, Inc.: A Comprehensive Case in Financial Auditing103 On January 9, 2014, the SEC reached a settlement with theCompany (SEC v. Diamond Foods 2014) in which Di… … Image transcription text104 Gujarathi Requirement 7 (a) In representing that the financialstatements are presented fairly in conformity with the applicablefinancial reporting framework, management makes … … Image transcription textDiamond Foods, Inc.: A Comprehensive Case in FinancialAuditing 105 Requirement 13 (a) Based on the data provided inthe case, do you think that Diamond’s senior manag… … Image transcription text106 Gujarathi control over financial reporting as of July 31, 2011,based on the criteria established in Internal Control-IntegratedFramework issued by the Committee of Sponsoring… … Image transcription textDiamond Foods, Inc.: A Comprehensive Case in FinancialAuditing 107 September 15, 2011, (November 13, 2012 as to theeffects of the restatement discussed in Note 15 and … … Please refer to the attachment. Thank you Business Accounting ACCT 460 Share (0)