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Essay

Barns And Fischer

Essay specific features

 

Issue:

Social Issues

 

Written by:

William L

 

Date added:

July 9, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 293

 

Was viewed:

648 times

 

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Essay content:

The part¬ner explains to you that the prospective client, Ocean Manufacturing, Inc. is a medium-sized manufacturer of small home appliances. The partner recently met the company's president at a local chamber of commerce meeting. He indicated that, after some diffi¬cult negotiations, the company has decided to terminate its relationship with its current auditor...
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The president explained that the main reason for the switch is to establish a relationship with a more nationally known CPA firm because the company plans to make an initial public offering (IPO) of its common stock within the next few years. Ocean's annual financial statements have been audited each of the past 12 years in order to comply with debt covenants and to receive favorable interest rates on the com¬pany's existing line of credit...
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