How will you deal with the following as an auditor? (a) Bonus to employees which was hitherto
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How will you deal with the following as an auditor?
(a) Bonus to employees which was hitherto being charged to profit and loss account on accrual basis is now being accounted for on cash basis.
(b) There is a significant fall in market price of some investments held for a long time by the concern.
(c) Outstanding liabilities for expenses show a considerable fall as compared to last year.
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