Assume that a public accounting firm is reviewing the financial statements of a nonpublic company and discovers that the firm is not independent What options are available to the firm ...

If a public accounting firm during the reviewing of nonpublic company financi ...

Assume that a public accounting firm is reviewing the financial statements of a nonpublic company and discovers

Question:

Assume that a public accounting firm is reviewing the of a nonpublic company and discovers that the firm is not independent. What options are available to the firm?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...