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in 2016 David Beckham, the controller for Swiss Precision Company, discovers an error in ending inventory counts for the December 31, 2015, cutoff. After Beckham

in 2016 David Beckham, the controller for Swiss Precision Company, discovers an error in ending inventory counts for the December 31, 2015, cutoff. After Beckham reports the error in a management meeting, the president for Swiss argues that this error in the prior year is of no consequence to the 2016 financial statements. How should Beckham respond to the president? what can he says?

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