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Scenario Jimmy Ford is definitely an audit manager for Fitzgerald & Milhouse Chartered Accountants (F&M). Jimmy is knowledgeable which the firm has designs to market him to husband or wife As long as he carries on his good get the job done. Jimmy has an assortment of abilities the firm admire. Jimmy has acquired a whole new residence, can be a member of assorted golf equipment and generally assured about the future. Jimmy is assigned on the audit of Engines Intercontinental Ltd (EI), one of File&Ms most significant clients. EI use a questionable method of recognizing revenues that has been investigated by ASIC. Jimmy concludes the method is not really appropriate for EI. Jimmy discusses the make a difference Along with the senior audit associate. The senior audit associate tells Jimmy that the tactic has become utilized for a decade and is appropriate.

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