Question
Can someone please help. Thank you! Making decisions as an Owner: Deciding a Proposed Audit You are one of three partners who own and operate
Can someone please help. Thank you!
Making decisions as an Owner: Deciding a Proposed Audit
You are one of three partners who own and operate Mary's Maid Service. The company has been operationg for seven yeras. One of the other partners has always prepared the company's annual finacial statements be audited each year because it would benefit the partners and prelude possible disagreements about the divison of profits. The partners who prepares the statements proposed that his Uncle Ray, who has a lot of finacila experience, can do the job and at a little cost. Your other partner remain silent.
Required:
- What position would you take on the proposal? Justify your response.
- What would you strongly recommend? Give the basis for your recommendation.
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