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Unformatted text preview: b) Deficiencies in the approach: There is a high likelihood of misstatement since Tidwell is a high-risk client. The required review procedures include inquiries and analytical procedures, so the review should be done by a more experienced member of the engagement team. c) Problems with the report: 1. Report should be addressed to client, not SEC 2. Pages should be marked “unaudited” not “reviewed” 3. Report should be worked for public companies and include a reference to PCAOB standards....
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- Fall '10
- Finance, Public company, publicly held company, Rosmic Calvo Acct