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Board year-end reporting discussion 1.Change valuation of raw material inventories 2.Revert allowance for obsolescence of inventory 3.Change useful lives of printing presses from 20 to

Board year-end reporting discussion

1.Change valuation of raw material inventories

2.Revert allowance for obsolescence of inventory

3.Change useful lives of printing presses from 20 to 30 years

4.Change the revenue recognition policy for e-book

How these proposed changes may affect my audit?

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