Wyly Waste Management. Wyly Waste Management (WWM) is an SEC registrant and your firm is its auditor.
Question:
Required:
a. Should your partner require WWM to record an adjustment for the expensed items in the current year?
b. Suppose the facts were changed and the expensed items for the prior two years totaled $ 22,500 and $ 15,000, respectively. Should your partner require WWM to record an adjustment for the expensed items in the cur-rent year?
c. Given the facts as presented in b), above, how much of an adjustment should the auditor require before being willing to issue an unqualified audit opinion?
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Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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