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1 pages/≈275 words
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-1
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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MS Word
Date:
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$ 4.68
Topic:
U.S Steel Corp Stock and Urban Outfitters' Downgrades in Stock Performance
Essay Instructions:
Use the Internet to research at least two companies that have experienced downgrades related to stock performance or bond ratings within the last five years.
Analyze the primary ways in which auditors would use the information from downgrades to assess business risks or evaluate the likelihood that the downgrades would impact the auditor's assessment of the client's business environment.
Ascertain the major ways in which this information would impact the audit risk model equation.
Support your position.
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Discussion Topic Week 4
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Discussion Topic Week 4
U.S Steel Corp Stock is one of the companies that have experienced a downgrade in stock performance. U.S Steel Corp Stock is a multinational company that has dominated the steel industry for decades. Previously the steel prices had gone up for several months before the stock performance was degraded (Susan, 2019). In this case, the auditors can use the information to determine the price changes and the company’s management to evaluate the risks associated with downgrading. Urban Outfitters is a lifestyle company, and its stock performance has decreased by -0.37% with 3-star ratings. Auditors can use the information from the company’s records to analyze the impact of depreciation.
An auditor can use the information to evaluate competition in the market. For instance, companies like Nike and Adidas used to sell their merchandise through the platform, but now t...
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