AccountingSmithManufacturing s bank has just informed the co.
AccountingSmithManufacturing s bank has just informed the company s CFO that an audit isrequired to obtain an operating line of credit (LOC). The company needs the LOCto maintain its cash flow. Mr. Jones has contacted you to see if your firm iswilling to perform an audit. Prepare a memo to Mr. Jones that addresses anyconcerns you may have regarding the audit. Consider whether your firm cancomplete the audit, or whether it is a conflict of interest.In addition, Mr.Jones is unfamiliar with the standard unqualified audit opinion report. He hasasked that you provide a copy of what the opinion would look like. Prepare asample draft of a standard unqualified audit opinion as an attachment to yourmemo. Make sure you include a clause that the opinion is a Sample Only and not to be used for any other purpose.Please make this memo 1-2 pages.Please include a reference page and site sources within the memo.
AccountingSmithManufacturing s bank has just informed the co
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