Milestone 2 Comments
Business Risk Analysis: You identified and discussed quite well some key business risks applicable to this company as well as the industry overall.
Sample Audit Program: Although many of your narrative comments were meaningful and relevant regarding a proposed audit plan, you need to develop a formal audit plan incorporating those comments into it.
Report of Recommendations: I found many of your comments hard to understand and somewhat disorganized, so perhaps they could be presented under one caption which would tell the reader where you are going. Good discussion of SOX and its importance in the auditing profession.
Articulation of Response: Overall, I found no issues with any significant writing skills or citations.
Milestone three Comments
Personal Tax Planning: Although I understood some of your comments, most of the facts you presented were either misunderstood by me or incorrect, so please when you submit your final presentation, be more specific and accurate.
Partnership Income: I found no discussion of converting the partnership to another form of entity, such as an S or C corporation or an LLC. In your discussion of the property dividend distribution, I found no conclusion or recommendation from you to the client, so in your final submission, please be more specific in what you recommend and why.
Clifford Co.’s Tax Preparation: Overall, the individual tax return was OK; however, lines 40 and 52 are incorrect, as well as Schedule A.
Articulation of Response: As noted previously, I found some of your comments incorrect or confusing, so please correct those issues before the final submission.