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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 523
During the trial, Mary K. Cline, senior auditor for Deloitte, Haskins and Sells stated: "Well, we made a lot of judgments during the audit, and we were auditing the balance sheet as of May 31, and there was no reason in my judgment to look at this number after May 31." 6
a. Should the oversale of lifetime partnerships be classified as a subsequent event?
b. Should Deloitte have evaluated the sales occurring after the balance sheet date of May 31, 1984?
c. Should L H been aware of the sales limits on lifetime memberships? If so, what should they have done about it?
a. Should the oversale of lifetime partnerships be classified as a subsequent event?
b. Should Deloitte have evaluated the sales occurring after the balance sheet date of May 31, 1984?
c. Should L H been aware of the sales limits on lifetime memberships? If so, what should they have done about it?
Explanation
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During the trial of the case, the follow...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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