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2. You have almost completed an audit when your audit manager pointed to the discovery of a material and unusual transaction. The transaction is the

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2. You have almost completed an audit when your audit manager pointed to the discovery of a material and unusual transaction. The transaction is the sale of treasury, stock to the Managing Director of your client's subsidiary of 200,000 shares with market value of $4,000,000.00. This incident when you were about to issue an unqualified opinion. Required: What actions should you take as an Auditor? List the very steps you must take to satisfy yourself about this matter

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