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Accounting · Studypool

Audit (Preliminary Analytical Procedures)

INSTRUCTIONS

  1. Format: Write it in paragraph form, not bullet points—just like the Starbucks example I provided. You should follow the Starbucks example as it is a perfect example of how it should be made. It should be clean, professional, and follow how analytical procedures are written in audit reports.
  2. Main Sections to Include (with headings):
    • Revenue Analysis
    • Net Income/Loss Analysis
    • Cash Flow Analysis
    • Segment Performance
    • Debt and Liquidity
    • Operational Highlights
    • etc. (maybe you have more or less sections depending on the findings.)
    • Conclusion
  3. What to Do:
    • Pull the actual 2024 and 2023 Boeing financial statements (from their annual reports or investor relations page).
    • Compare year-over-year changes and explain what changed and why (e.g., revenue drop due to fewer deliveries, increased loss from defense contract charges, etc.).
    • Use data and cite numbers. For example: “Revenue in 2024 was $66.5B compared to $77.8B in 2023, a 14.5% drop.”
  4. Charts:
    • Include charts or graphs that visually show some of the trends (revenue, net income, cash flow, etc.).
    • Make sure the charts are from trusted sources like Boeing’s reports, Statista, or AlphaStreet.
    • Provide direct image links or embed the charts if possible.
  5. Highlight Key Points: Just like in the Starbucks example, briefly explain why each change matters from an audit perspective (e.g., “This indicates risk in revenue recognition policies”).
  6. Don't forget to provide a works cited as well.
  7. I also need you to make a script for a presentation for presenting this part of the presentation. It should be 4-5 minutes long.