if you were reviewing an audit report and the feedback from the auditors was a finding that read..... XYZ organization was not fully prepared for the year end, our firm was required to assist in making several closing entries for XYZ, none of the entries we made were material in nature, however XYZ would not have been able to close without this assitance. Would this be a significant deficiency or a material weakness? Why?

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The following letter which relates to an audit of financial statements prepared in conformity with g... View the full answer