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Penny Wong, an auditor, has found what she considers to be a significant error in the financial statements of a company she is auditing. She

Penny Wong, an auditor, has found what she considers to be a significant error in the financial statements of a company she is auditing. She is wondering what she should do about it because she wants to make sure that the accounts are right. One option is that she put through the general journal entry necessary to correct the error herself. Another option she is considering is to instruct the company bookkeeper to make the correction. Provide advice to Anna on how she should handle the situation.

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