The draft chairman's report to go with the financial report states that the profits of a particular segment of the company's operations increased by 80% during the period. On checking the figures, you found profits increased by only 6%. What type of auditor's report should you issue? Explain the reason for your answer.

The draft chairman's report to go with the financial report states that the profits of a particular segment of the company's operations increased by 80% during the period. On checking the figures, you found profits increased by only 6%. What type of auditor's report should you issue? Explain the reason for your answer.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter7: Professional Issues

Section7.1: Ligand Pharmaceuticals

Problem 4Q

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