BU477 Lecture Notes - Lecture 1: Audit Evidence, Accounts Receivable, Enquire
Document Summary
Several employees have sued foible ltd. for wrongful dismissal, claiming that they were: pa has been recently appointed auditor of foible ltd. , a company that exports high-cost knickknacks. To facilitate the rapid preparation of the financial statements, management had the physical inventory counted in october, rather than at the december year-end. During the inventory count, pa noticed that several of the boxes were labelled with receiving documents from a competitor. Pa was told that the new warehouse supervisor worked part-time at the competitor and must have picked up the wrong boxes. promised a job that would last at least one year and would be provided with low cost accommodations. They are suing for the balance of the year"s wages and are claiming that they were brought into the country under false pretenses. The law firm has responded in a legal letter that this suit is without merit.
