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Your firm is in the process of auditing Penguin Parts, Inc.'s 20X1 financial statements. As part of the audit, the firm has compiled a list
Your firm is in the process of auditing Penguin Parts, Inc.'s 20X1 financial statements. As part of the audit, the firm has compiled a list of improvements that Penguin Parts should make to be in compliance with U.S. GAAP. You initially drafted the memo of improvements while working on the audit. Now that the audit is approaching completion, you need to review the documentation and revise the memo, correcting any errors
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