Li Nan has recently been appointed managing director of Pinger's plc, which is a company that supplies
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Li Nan has recently been appointed managing director of Pinger's plc, which is a company that supplies table tennis equipment to clubs and individuals throughout the UK and Europe. Li Nan is surprised at the high figure that appeared in last year’s accounts under audit fees. Li Nan is not completely familiar with UK business practices and has requested you prepare a detailed report on what the audit fees cover and include the general responsibilities of directors in respect of the external audit.
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