Completing the audit of xyz company


Problem:

As audit manager you realize that to complete the audit of xyz company you will need to bring in two more auditors and another audit supervisor March 15th 2010. However the cost of the additional auditors will cause the audit manager to increase the cost of Audit of XYZ company by $45,000. Without the additional auditors the audit can be completed by the First of April 2010. The audit covers the year Jan 1 2009 to Dec. 31, 2009. As audit manager what would you do and why?

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Accounting Basics: Completing the audit of xyz company
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