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Case Study LEHMAN BROTHERS: SUBPRIME ACCOUNTING Question 7 EY did not modify the 2007 audit opinion of Lehman Brothers for going -concern uncertainty, yet the

Case Study

LEHMAN BROTHERS: SUBPRIME ACCOUNTING

Question 7

EY did not modify the 2007 audit opinion of Lehman Brothers for going -concern uncertainty, yet the entity filedfor bankruptcy less than a year later .In you opinion ,is this indicative of an audit failure? Why?

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