Business Auditing Firm Assignment | Homework For You
its a presentation CASE 15: Larry the CFO is having discussions with Julie, from the companies auditing firm. They are is disagreement regarding an adjustment being proposed by Julie which will increase reported profits by 20%.
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Larry is unhappy as the firm is about to negotiate a new enterprise agreement with the Trade Union and has been arguing that the firm is not sufficiently profitable to enable the wage rise sought by the Union. Larry explains that the increased profit is made up of goods in transit to wholesalers and as the goods are in transit, these sales can be carried forward to the following year. How can this difference be resolved? Get Audit homework help today