Question: Write a memo to the CFO as the new internal controller regarding the current situation of financial reporting. Specifically, you must address the following rubric

Write a memo to the CFO as the new internal controller regarding the current situation of financial reporting.
Specifically, you must address the following rubric criteria:
Explain one area of concern from the scenario that relates to financial reporting. Include the following in your response:
Professional accounting standard of concernPurpose of professional standards in financial reportingViolation of internal control

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