If the federal income tax returns for prior years have not as yet been reviewed by federal

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If the federal income tax returns for prior years have not as yet been reviewed by federal tax authorities, would you consider it necessary for the client to disclose this situation in a note to the financial statements? Explain.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 27, 2014 05:01 AM

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If the federal income tax returns for prior years have not as yet been reviewed by federal

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No The status of the IRSs review is not generally disclos...View the full answer

Principles of Auditing and Other Assurance Services

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