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Opium Shopping Centre Case Study

233 Words1 Pages
This report represents the auditor’s liability for losses for opium shopping centre by an auditing firm in Queensland. All the appropriate intrinsic LIABILITIES will be discussed in this report and the rationale for the liabilities will also be given in this report.
The company under discussion that is opium shopping centre is one of the very high-status shopping centres. The company is dealing with the pressure of rapid spreading out have been felt within its finance department and the chief financial officer (CFO) has begun to make mistake. In addition to it the CFO neglected to reclassify some of its debts from noncurrent liabilities to current liabilities following default on some terms of the contact with an international banking organization

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