The Senior at Lowry Financial is determined to perform preliminary analytics and finish audit planning. She needs to talk to Carl the Controller, but he keeps brushing her off because interim financial statements are not available. How can the Senior have a meaningful discussion with Carl that moves the ball forward on risk assessment in the absence of interim financials?
They say that necessity is the mother of invention. In this case study, the Senior learns how to have a meaningful discussion and gather other information to understand the client’s business and help her form an expectation of financial results before they are even available.