Financial statements on liquidation basis of accounting

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Reference no: EM13864155

Alex Curtis, during the audit of Landon Company, has determined that the company will be preparing its financial statements on a liquidation basis of accounting due to the fact that management has decided to liquidate Landon Company at the end of the first quarter of next year. You have determined that this basis of accounting is not GAAP. As a result, Alex seeks your assistance to determine if Alex can issue an unmodified/unqualified audit report.

Reference no: EM13864155

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