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Unformatted text preview: a. This decision as to fair presentation is a judgment call by the auditor. The American Institute of Certified Public Accountants (AICPA) defines fair presentation as follows: the financial statements reflect the underlying transactions of the company in a manner that represents the financial statements within a range of acceptable limits. 2. Most audits are performed not only for the primary benefit of the stockholders, but also for any other interested outside parties....
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This note was uploaded on 09/25/2011 for the course ACCOUNTING AC591 taught by Professor W during the Spring '11 term at Keller Graduate School of Management.
- Spring '11