Generally accepted accounting principles

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Reference no: EM139733

For each of the following independent situations, indicate the reason for and the type of audit report that you would issue. Assume that each item is significant.

Jay Rich, CPA, holds 10 percent of the stock in Rothenburg Construction Company. The board of directors of Rothenburg asks Rich to conduct its audit. Rich completes the audit and determines that the financial statements present fairly in accordance with generally accepted accounting principles.

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Reference no: EM139733

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