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ACC 545 Week 1 Individual Assignment CPA Report
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ACC 545 Week 1 Individual Assignment CPA Report
As the CPA for a large organization, you were asked by your
manager to provide information to outside CPAs who are examining
a subsidiary that has been set up as a corporation. As part of their
review, the CPAs have asked you to provide them with the following
explanations:
The methodology used to determine deferred taxes
The procedures for reporting accounting changes and error
corrections
The rationale behind establishing the subsidiary as a corporation
Prepare your response to the three questions. Before submitting
your response, your manager would like to know a little bit more
about the request. She has asked you to tell her what your
professional responsibilities are as a CPA, and the difference
between a review and an audit.