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2. Explain the technique the company is using that may constitute a financial shenanigan. Indicate both the technique used and how the auditor should react.
2. Explain the technique the company is using that may constitute a financial shenanigan. Indicate both the technique used and how the auditor should react. A. Oldco has had some difficulty moving its inventory in 2010. The companys accountants have reviewed Oldcos overhead allocation process and has increased the factory overhead it allocates to inventory (as opposed to period costs)
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