Why finding might not related to companys financial records

Reference no: EM13945563

On your first day of work, the head of the company informs the accounting staff that he is going to purchase another factory in the town. The head of the company is buying the factory as a favor to his friends in the other town.

The accounting staff starts to receive boxes of all the sales data from the other company to assess the price that will be offered to buy the company. As you start to go through the documentation, you notice that many of the sales documents are missing.

In addition, other ones are incomplete to the sales data and quantity. There are so many of these instances that you start to question if this purchase is a good idea, and if the financial records are complete at all.

Write a business memo to the head of the company stating why his proposed actions (of buying the company) might not be a good idea based upon the sales information you reviewed.

Explain why this finding might bring into question the reliability and relevance of the company's financial records.

Reference no: EM13945563

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