Explain the auditor's responsibility for reporting the following: A defalcation that the client is willing to
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• A defalcation that the client is willing to correct and portray in the financial statements
• A defalcation that is material, but the client wishes to obscure by recording it in an "other expense" category
• A financial reporting fraud that the client wishes to include in an "other expense" category
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Auditing A Business Risk Approach
ISBN: 978-0538476232
8th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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