Explain general procedures temaki can perform after learning, Accounting Basics

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Explain general procedures temaki can perform after learning

Problem

Temaki has been assigned to audit the current financial statements of Floral Ltd, a US Public Company. In the cause of the audit, Temaki learned that Floral is under investigation by the government of an international country in which it operates. It has been alleged that Floral is involved in some corruption scandals as it relates to its business operations.

Outline and explain at least 5 general procedures Temaki can perform after learning of the allegation and investigation?

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Accounting Basics: Explain general procedures temaki can perform after learning

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