this is a question in auditing.you are required to select and research any real-world...

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Accounting

this is a question in auditing.
you are required to select and research any real-world caseinvolving auditors and: 1000 words
? provide an overview of the facts of the case (in your ownwords);
? discuss the theoretical principles applicable to the case

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3.6 Ratings (593 Votes)

Case Law C Ltd declared dividend amounting to Rs 5 lakhs out of profits for the year ended 31032009 Subsequently it was noticed that company had failed to make provisions for outstanding expenses of Rs 780 lakhs and and closing stock was also over valued which was not reported by auditors of the company Management of C Ltd helds auditors responsible for this situation Analysis of the above situation Failure to detect untrue and incorrect financial position of a company Facts of the case In the given case Profit of the company has See Answer

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In: Accountingthis is a question in auditing.you are required to select and research any real-world case...this is a question in auditing.you are required to select and research any real-world caseinvolving auditors and: 1000 words? provide an overview of the facts of the case (in your ownwords);? discuss the theoretical principles applicable to the case