Privet Q

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what was the cause and the effect of : this case The Audit of SSM

Steves Shoe Makers Inc. (SSM

this is the case

https://www2.deloitte.com/content/dam/Deloitte/us/Documents/about-deloitte/trueblood/us-dfdtn-16-1c-the-audit-of-ssm.pdf

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answer these questions in bold about the case

Cause: SSM failed to properly identify relationships (WHICH RELATIONSHIPS & WHY ARE THEY IMPORTANT? ) with its subsidiaries in accordance with ASC 850

Effect: Inadequate disclosure (IDENTIFY THE INADEQUATE DISCLOSURE, WHAT IS IT? )of related-party relationships will lead to misrepresentation of SSMs financial statements.