Briefly describe the four stages of the auditor dispute process
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total answers (1)
total answers (1)
Accounting
- The first stage includes actions that affect the user of financial statement in incurring losses. these losses include bankruptcy, fraudulent reporting of financial statements, and missapropriation of assets
- before initiating legal procedures, the second stage is conducting pre investigation by the required authorities
- the third stage is the initiation of all legal issues and procedures that favor filing of the suit
- the final stage is the attainment of final dispute resolution by providing a judgment, settlement or court decision against the dispute
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