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Plain Truth Adverting Employs KPR, a Large Accounting Firm, to Audit

Question 25

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Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping systems. Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?

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The audit should probably not be cancell...

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