Prepare four (4) pages paper on Audit Reports with a response to the following:
-Discuss how a company’s stockholders (or potential stockholders) would use the information contained in an audit report produced from an independent accounting firm.
-Assume that you are a CPA working in a public accounting firm. You need to discuss the going concern issue with your client and are uncertain of the reaction. Discuss how you would approach the conversation with your client, the information that you would discuss, and how you would make your final decision on what type of audit report to issue.
-When issuing a qualified audit opinion, discuss what representations you would expect to receive from the company’s Board of Directors and Senior Management.
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