Super Software Ltd is a client of FFF Partners. Super Softwares bank has asked it for an
Super Software Ltd is a client of FFF Partners. Super Software’s bank has asked it for an audited financial report for the six months ended 31 December 2016. The bank’s request is made in December 2016, and the report must be delivered to the bank by the end of January 2017 in order to finalise negotiations on Super Software’s loan application. Super Software asks FFF Partners to provide the audit report on the six monthly financial report and suggests that due to the tight timeframe, FFF Partners can simply update its audit report for the financial statements to the year ended 30 June 2016, without doing any additional work.
Should FFF Partners agree to Super Software’s request? Explain.
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