Your CPA firm has completed the fieldwork for the 2009 audit of Sharp Corporation, a private company with an October year-end. You were preparing to draft a standard, unqualified audit report when you discovered that the audit manager on the Sharp engagement owns 10 shares of Sharp's common stock. Prepare the appropriate report.

Answer rating: 100% (QA)

When it was discovered that the audit manager holds stock in the clients company the CPA ... View the full answer