Problem: Inga Inc. is a manufacturer of beauty products such as makeup. It is a listed entity. Which one of the following issues should be communicated to the board of directors of the entity after the year-end audit is complete? Need Assignment Help?
Question options: a) Inga has adopted an aggressive capitalization policy, resulting in a significant amount of annual expenditures being capitalized for which the auditor has proposed an adjustment. b) The controller was very knowledgeable and provided information on a very timely basis. This resulted in the auditor being able to complete their work on a timely basis. c) There was an insignificant recall on some of Inga's products due to a manufacturing error. d) Inga's long-time sales representative, who developed relationships with retailers, left Inga for a competitor.