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a nonpublic audit client is under pressure to meet financial numbers from its lenders. year-end audit procedures, you notice a formula error in the client's
a nonpublic audit client is under pressure to meet financial numbers from its lenders. year-end audit procedures, you notice a formula error in the client's spreadsheet used to calculate its inventory costs, and general and administrative expenses are being capitalized into the reported cost of the inventory. Summarize the next steps you would take, in accordance with this (these) standard(s)
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