L20 Notes_Part_11 - auditors reviewed the another...

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Audit Reporting Problem The auditors are principal auditors of the parent company, but they decide not to take responsibility for the work done by other auditors on three subsidiary companies included in the consolidated financial statements. The principal
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Unformatted text preview: auditors reviewed the another auditors’ work and reputation, but they still do not want to take responsibility for the other auditors’ portion, which amounts to 32 percent of the consolidated assets and 39 percent of the consolidated revenues....
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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.

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L20 Notes_Part_11 - auditors reviewed the another...

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