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Mary Macaws is the senior auditor running the Seymour Hospital audit. She is scheduled to complete audit in less than one week and discuss the final audit results at the hospital’s Board of Trustees meeting scheduled in one week. Skip Kelly, a staff auditor is badly behind in compiling evidence supporting several key areas. Mary believes Skip may not have been as diligent in his work as he should have been. If the information is delayed one more day, Mary doubts that the audit can be completed on time. Arthur Jones is the partner in charge of the audit and plans to review the audit work in a few days. He is unaware of any potential delay. What should Mary do? What should Arthur do?
Financial Statement Analysis and Preparation
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