Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 8

Visit the SEC's website (www.sec.gov), and identify a company that has been recently cited for problems related to property, plant, and equipment or lease accounting (e.g., in years past, many retail companies had to restate earnings to comply with the SEC's clarification of lease accounting). Prepare a memo summarizing the property, plant, and equipment or lease accounting issues for the company.