What unfortunate lesson did the auditors learn from the situation in the Unregistered Sale of Securities case?

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What unfortunate lesson did the auditors learn from the situation in the Unregistered Sale of Securities case? What should auditors do when a violation of U. S. securities laws is suspected?

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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