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The auditors of JKL Company are about to conclude their audit. Before they completely finish, they observe a pre-publication copy of the companys annual report

The auditors of JKL Company are about to conclude their audit. Before they completely finish, they observe a pre-publication copy of the companys annual report to shareholders in the CFOs office. In the annual report, the auditors read that the company is seeking to expand its operation by acquiring a small firm. Should the auditors react to this information? What ought they do?

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