BakFirn Corporation

For the BakFirn Corporation, an accounting audit of accounts payable, vendor invoices, and inventory material acceptance is in progress. You notice that the three-way-match of pricing, amount, and units is not matching. You go to your next-level supervisor—the supervisor of the audit firm YOUCPA—and the supervisor informs you that you do not need to worry so much because they are not within the materiality amounts. He requests that you complete the outside audit as quickly as possible; the firm is under a tight budget with this client.

What do you believe your response should be in this situation?
Explain your reasoning.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

Grading Criteria

50%

What do you believe your response should be?

50%

Explain your reasoning.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 3 Course Materials

Answer Detail

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