Marco is in charge or the general ledger and financial statements of a large manufacturing company. There
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As planned, Marco does the final review at 4:45 p.m. and something does not look right. A pit forms in his stomach as he notices that the provision for bad debts was never updated! Marco immediately calls the accounts receivable manager who is out for the day; there is nobody in that department who can help.
The vice president of finance has stressed that the company needs this infusion of cash, and the importance of the financial statements Is critical to the meeting? How would the concept of teleology guide Marco in this situation? What options should he consider?
Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
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