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Consult Paragraph 56 of PCAOB Auditing Standard No. 12 and Sections 204 and 301 of...

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Accounting

Consult Paragraph 56 of PCAOB Auditing Standard No. 12 and Sections 204 and 301 of SARBOX. Based on the case information, do you believe that WorldComs audit committee was effective in its management of the internal audit department? Why or why not?

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\table[[,Unimart,\table[[Bare],[Manufacturing]]],[Beginning inventory,,],[Merchandise,$275,000,],[Finished goods,,$450,000