Cal Lopez discovered significant fraud in the accounting records of a high profile client. The story has

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Cal Lopez discovered significant fraud in the accounting records of a high profile client. The story has been broadcast on national airways. Lopez was unable to resolve his remaining concerns with the company’s management team and ultimately resigned from the audit engagement. Lopez knows that he will be asked by several interested parties, including his friends and relatives, the successor auditor, and prosecuting attorneys in a court of law, to tell what he knows. He has asked you for advice.
Required
Write a memo that explains Lopez’s disclosure responsibilities to each of the interested parties.
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Fundamental Financial Accounting Concepts

ISBN: 978-0078025907

9th edition

Authors: Thomas Edmonds, Christopher Edmonds

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