Write an audit report on the subsidiary, Financial Accounting

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Write an audit report on the subsidiary

Problem

SEC, Securities Exchange Commission, regulates companies that trade documents on the stock exchange. You are the internal auditor of a company and the company opened a subsidiary in the Philippines this year and the CEO of the company asks you to write an audit report on this subsidiary and it must show a positive balance. You have not worked with this subsidiary nor do you have access to its data. What is your position in this situation?

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Financial Accounting: Write an audit report on the subsidiary

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