You are the senior in charge of the audit of a local newspaper and have been asked

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You are the senior in charge of the audit of a local newspaper and have been asked by your audit assistant to explain what kinds of income and expenditure can be expected to arise in the company. She is also anxious to know if there are any particular problems that might be faced by management and, therefore, the auditor. Think of problems such as reporting on circulation of the newspaper to government or independent bodies and maintenance of circulation.

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