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The PSLRA requires auditors to report to the SEC illegal acts that would have a material effect on a clients financial statements, assuming client management
The PSLRA requires auditors to report to the SEC illegal acts that would have a material effect on a clients financial statements, assuming client management refuses to do so.
Briefly describe three hypothetical situations involving potential illegal acts discovered by auditors. Indicate whether the auditors involved in these situations should insist that client management report the given item to the SEC.
Defend your decision for each item using AICPA as a source and any other official sources.
Thank you!
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