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Unformatted text preview: Legal Case: Yale Express Subsequent Discovery of Fact If four responses are yes, what do you do? 1. inform client who should issue revision and inform SEC 2. if next periods audited F/s will be distributed soon, wait 3. if revision cannot be issued expeditiously, the client should notify users What happens if the client refuses? 1. Inform the Board of Directors and regulatory agencies 2. request SEC and stock exchange to notify stockholders...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08