Client audited statements for prior years

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Reference no: EM131733715

You discovered material errors in your client’s audited statements for prior years. The CPA firm that performed the audit was reckless, in your opinion. You would like to disclose this other firm’s incompetence to the state board of accountancy and to the AICPA Professional Ethics Division. Your client is concerned that, if the investment community learns of these errors, the investing public will lose faith in the accuracy of its financial statements. What should you do?

Reference no: EM131733715

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