You are a senior auditor writing a memo to your supervisor, the audit partner in charge of this audit, to discuss the above situation.
You are a senior auditor writing a memo to your supervisor, the audit partner in charge of this audit, to discuss the above situation. Please write a one-page memo to answer the following 3 questions.
1) Identifies the problems and related issues.
2) Do you need any additional information to make decision regarding the type of the lease?
Please make assumption(s) and discuss how the alternative assumption(s) may affect the lease
classification.
3) Based on your assumption(s), how would you advised your client to account for this lease?
Explain every journal entry that you believe is necessary to record this lease properly on the
client’s books.
Answer preview You are a senior auditor writing a memo to your supervisor, the audit partner in charge of this audit, to discuss the above situation.
APA
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