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Situation Jimmy Ford is an audit manager for Fitzgerald & Milhouse Chartered Accountants (F&M). Jimmy has long been educated which the agency has programs to promote him to partner so long as he continues his great operate. Jimmy has an assortment of skills the firm admire. Jimmy has acquired a completely new home, is often a member of varied golf equipment and usually self-assured about the future. Jimmy is assigned to the audit of Engines Worldwide Ltd (EI), among F&Ms biggest customers. EI use a questionable technique of recognizing revenues that has been investigated by ASIC. Jimmy concludes the method is just not appropriate for EI. Jimmy discusses the subject Using the senior audit lover. The senior audit associate tells Jimmy that the strategy is utilized for ten years and is acceptable.

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