ACC 421 Week 3 DQs
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ACC 421 Week 3 DQs
Discussion Questions
What information is contained in the balance sheet? What are limitations of the balance sheet? How can balance sheet limitations be overcome?
What does full disclosure mean? How does full disclosure affect financial reporting? Are there any ethical implications to what must be reported in order to comply with full disclosure? Explain. What recommendations would you make to management regarding what must be disclosed?
What information is provided in the auditors report? Does the audit report offer any guarantees? Explain. What do you think the general public believes the auditors are providing in the audit report?
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