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Part C [2 marks) Joe is a director in one of the top finance companies. In a recent audit, auditors informed Joe that last year's

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Part C [2 marks) Joe is a director in one of the top finance companies. In a recent audit, auditors informed Joe that last year's financials contained an error and need to be corrected. As a director with limited accounting background/knowledge Joe is a bit concerned. Advise Joe on what the auditors mean and how the error should be corrected

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