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Case Jimmy Ford is really an audit supervisor for Fitzgerald & Milhouse Chartered Accountants (F&M). Jimmy has long been educated that the business has programs to market him to companion so long as he carries on his superior work. Jimmy has an array of skills the agency admire. Jimmy has acquired a completely new residence, is a member of varied golf equipment and usually self-assured about the future. Jimmy is assigned on the audit of Engines International Ltd (EI), one among F&Ms most important customers. EI use a questionable way of recognizing revenues that has been investigated by ASIC. Jimmy concludes the strategy is just not suitable for EI. Jimmy discusses the matter While using the senior audit associate. The senior audit associate tells Jimmy that the strategy is utilized for a decade and is suitable.
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