a. Explain the two main reasons for AmTrusts restatement. Why do you think that management judged these
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a. Explain the two main reasons for AmTrust’s restatement. Why do you think that management judged these issues material, and therefore deemed it necessary to issue the restatements?
b. The restatement led to corrections of the company’s three prior years, as well as the first three quarters of results for 2016. What does a restatement imply about financial reporting quality? What does a restatement imply about audit quality?
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a The two primary errors relate to 1 Upfront recognition of the portion ...View the full answer
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Related Book For 
Auditing A Risk Based-Approach
ISBN: 978-1337619455
11th Edition
Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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