Financial analysis on Home Depot Inc

By Anup Singhania - CPA | CFA L2 | 5K+ students | A++
Finance, Financial Analysis
Bachelors/Undergraduate, Masters/Postgraduate
Homework, Assessment
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For this task, you will analyze the annual report, the 10-K, other company SEC filings, and industry data for a selected publicly-held company. You will prepare a broad audit plan for one of the following companies:

• Home Depot Inc.

• Gap Inc.

• Darden Restaurants Inc.

The broad-based audit plan should identify control risks and areas of focus for the audit. You will provide recommendations for which accounts should be audited using analytical procedures and which accounts should be tested using substantive tests of detail. Additionally, you will address going-concern considerations, the prior year’s audit opinion, and audit locations.

Use the SEC Edgar and Reuters websites to find the information you need.


Complete an analysis and prepare a broad-based audit plan (suggested length of 10–15 pages, excluding the appendix) for your chosen company (i.e., Home Depot Inc., Gap Inc., or Darden Restaurants Inc.) by completing the requirements below in accordance with GAAS. Your analysis and audit plan should be based upon the information obtained in the 2013 annual report, the 10-K, and other 2013 SEC filings, along with industry data:

A. Complete the attached “Company Information Template” for your chosen company based on the 2013 10-K and the 2013 annual report by doing the following:

1. Identify the company’s basic information, including each of the following:

• the company’s name

• the company’s date of formation

• the industry in which the company operates

• the company’s size in terms of annual sales

• the company’s size in terms of total assets

• the company’s size in terms of employees (all full- and part-time)

• the company’s size in terms of total market value

• the location of company headquarters, including the states and countries in which it operates

2. Identify the company’s top three customers and/or suppliers.

3. Identify the company’s sources of financing (e.g., bonds, stocks, loans, etc.).

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