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What would you do if you were the cfo of the xyz company

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What would you do if you were the CFO of the XYZ Company that is listed on the stock exchange and find through the yearend audit by an independent Audit firm that a 3,000 dollar entry went to the wrong account? In this case the CFO decided not to reopen the books to make this correction. Was this decision by the CFO correct or not?

Reference no: EM13590756

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