What are the potential costs and benefits of each strategy

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Reference no: EM133373414

Question A:

Summarize the key issues in this case as you see them. For simplicity, you can think of two opposing strategies: (1) sit down with Susan and determine the closing costs for NYH's decorative pillow facility, given the FAS 146 requirements, or (2) refuse to provide any further guidance, given that you are the company's auditor, not its accountant. What are the potential costs and benefits of each strategy?

Question B:

Given your analysis in Part A, what would you do if you were the auditor in this case? Your recommendation could be either of the two opposing strategies indicated in Part A above, or something in between. Be specific as to the course of action you think the auditor should take, and justify your reasoning

Reference no: EM133373414

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