Joseph Josephs is completing his audit of the Bolton Companys current years financial statements and reads in SAS 114 (AU Section 380) that he should communicate his results with members of Boltons audit committee. But, despite many requests for many years, Bolton has established no such committeeprimarily since it has only two stockholders. What should Joseph do now?

• Each research memorandum should contain the following:
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  • Application of Authorities