Lehmans net leverage ratio was not reported within the companys audited financial statements but rather in the companys financial highlights table and MD&A section of

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Lehman’s net leverage ratio was not reported within the company’s audited but rather in the company’s financial highlights table and MD&A section of its annual report. What responsibility, if any, do auditors have to assess the material accuracy of financial data included in those two sections of a client’s annual report?

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The relevant section of the PCAOBs Interim Standards in this context is AU Section 550 Other Informa... View full answer

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