the cpa firm of may & marty has audited the

Project Description:

the cpa firm of may & marty has audited the consolidated financial statements of bgi corporation. may & marty examined the parent company and all subsidiaries except for bgi-western corporation, which was audited by the cpa firm of dey & dee. bgi-western constituted approximately 10 percent of the consolidated assets and 6 percent of the consolidated revenue. dey & dee issued an unqualified opinion on the financial statements of bgi-western. may & marty will be issuing an unqualified opinion on the consolidated financial statements of bgi. requireda. what procedures should may & marty consider performing with respect to dey & dee’s examination of bgi-western’s financial statements that will be appropriate whether or not reference is to be made to the other auditors?b. describe the various circumstances under which may & marty could take responsibility for the work of dey & dee and make no reference to dey & dee’s examination of bgi-western in its own report on the consolidated financial statements of bgi.
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