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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.
Required:
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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