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DISCUSSION Mary McQuire is trying to decide how to invest her money. A friend recommended that she buy the stock of one of two corporations

DISCUSSION

Mary McQuire is trying to decide how to invest her money. A friend recommended that she buy the stock of one of two corporations and suggested that she should compare the financial statements of the two companies before making a decision.

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Do you agree that Mary will be able to compare the financial statements of the two companies?

What role does the auditor play in ensuring comparability of financial statements between companies?

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