Question: Under present technical standards, would auditors be required to disclose a company policy similar to Nays mail rule that they discover during an audit? Explain.

Under present technical standards, would auditors be required to disclose a company policy similar to Nay’s mail rule that they discover during an audit? Explain. Assuming such disclosure had been required at the time this case took place, would that disclosure have resulted in the mail rule being discontinued?

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