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Unformatted text preview: assets. These possibilities will be considered while examining the asset accounts. Also, the higher than normal current and quick ratios may be a result of understated liabilities. Peach Blossom Cologne Company Planning Memorandum December 31, 2009 PL-PM In planning the audit engagement for Peach Blossom Cologne Company for the year ended December 31, 2009, the following matters have been considered: (1) The objective of this engagement is to render an opinion on the financial statements. In the past, we have been able to render an unqualified opionion....
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- Summer '09