ACCTG456 Chapter Notes - Chapter 2: Financial Statement, Market Capitalization, Accounting
8 Apr 2014
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Linda is the managing partner of a small ca audit firm. Linda"s role includes managing the business affairs of the firm, and she is very worried about the amount of fees outstanding from audit clients. Linda called bill this morning to ensure that the audit report was not issued because dreamers. Ltd. had paid only 10 percent of the outstanding account. She discovers that bill is about to sign the audit report. In class # 2. 2 (a) adnan is a cga working for a large national audit firm. He is at his desk when he (b) overhears his colleague joan having a phone conversation. She is telling the person on the other end of the call that gupta co. , the firm"s largest audit client is about to release the company"s audited annual financial statements and the results are spectacular. Joan says she just bought some shares as she expects that the share price will go up.
