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December 15, 2022

Case 12: Review of Subsequent Events

General Questions

Case 12: Review of Subsequent Events

1) Prepare the auditor’s report that you believe is warranted for the Lakeside Company’s 2012 financial statements based on the information contained in the first 11 cases. Lakeside issues comparative financial statements. Assume that any facts not explicitly covered in these cases would not influence the decision as to the type of opinion to be rendered.

2) Separately, provide an explanation why you issued the report that you did.

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