Ryssa Kalburgi's company advertises its past investment performance by distributing the 10-year average return for all client
Fantastic news! We've Found the answer you've been seeking!
Question:
Ryssa Kalburgi's company advertises its past investment performance by distributing the 10-year average return for all client accounts. Ryssa discovers however that the average return does not include the performance of accounts that have left the firm, as well as omitting the performance of a few accounts that have very poorly. The company clearly states in its advertising materials that the performance measures includes all accounts. The omissions have led to a significantly inflated performance figure. Ryssa is directed by her manager to send promotional materials that include the inaccurate performance number to prospective clients. What should Ryssa do?
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt
Posted Date: