Discuss the simplified procedures used to prepare and evaluate the pro forma income statement and the pro forma balance sheet
Ethical Considerations in Pro Forma Financial Statements: Procedures, Judgments, and SOX Compliance
Discuss the simplified procedures used to prepare and evaluate the pro forma income statement and the pro forma balance sheet. What ethical issues do you believe are present in these procedures and how does the SOX Act address these concerns? In your response, you should also discuss the judgmental approach.
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