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Adjustments. In Your Audit of Lomar Company for the Calendar Year

Question 178

Essay

Adjustments.
In your audit of Lomar Company for the calendar year 2014, you find a number of items that you believe represent possible adjustments to the company's books. Management does not want to make any adjustments.
REQUIRED:
Assuming that Lomar is a public company describe how the adjustments might impact your audit report on internal control over financial reporting.

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