Vitronix Corporations net worth exceeds $160 million, its stock is publicly traded, and a national CPA rm

Question:

Vitronix Corporation’s net worth exceeds $160 million, its stock is publicly traded, and a national CPA ﬁrm audits its ﬁnancial statements. Wilson Corporation’s net worth also exceeds $160 million. However, it is closely held by members of the Wilson family. Discuss the reasons that the IRS might choose to audit Wilson rather than Vitronix Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...