William amp plaud are group auditors for the lowell, Ask an Expert

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William & Plaud are group auditors for the Lowell Corporation. One of the subsidiaries of Lowell Corporation, Wilson Maufacturing Co., is audited by Lyle & Adams.

a. if William & Plaud make references in their report to reliance on the report of the component auditors are the qualifying their opinion? Explain

b. Reguardless of wheather William & Plaud make refernces to reliance on the report of the component auditors, they should perform certain procedures with respect to Lyle & Adams' audit? What are these procedures?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92354054

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