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Your audit firm while auditing accounts of a large private company has noticed the following discrepancies a. Receivable balance from a related party b. Some

Your audit firm while auditing accounts of a large private company has noticed the following discrepancies a. Receivable balance from a related party b. Some subsidiary journal as of last year were not presented for audit c. Employees compensation and benefits were not recorded properly Required Evaluate the above, your action during the audit and your audit report

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