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You are auditing XYZ Company's calendar 2019 financial statements. On January 21, 2020 while you were...

  1. You are auditing XYZ Company's calendar 2019 financial statements. On January 21, 2020 while you were still completing your fieldwork, XYZ Company successfully launched a hostile takeover of ABC, Inc. The takeover increased XYZ's net assets by 35%. XYZ had not changed their financial statements from when they drafted them on January 15, 2020. What action would you take and why?

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You are auditing XYZ Company's calendar 2019 financial statements. On January 21, 2020 while you were still completing your fieldwork

ekkarill92 answered 1 year ago
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