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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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- Fall '08
- External auditor, Auditor's report