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Business Acquisition

Sent to Finance Experts May 22 2008 at 5:43 PM
   

I wonder if it is possible for CPA firms to audit the division of the company instead of the whole company, and still provide opinion on the financial audit. The reason for my question is that we are considering acquisition of the segment of a company.

 

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California

Customer (name blocked for privacy)
Status:  Closed   Value: $30
Answer
May 22 2008 at 6:14 PM (30 minutes and 48 seconds later)
         
ACCEPTEDCheck Mark

An auditor will not issue an opinion on the financial statement based on the audit of a division of the company.

 

Let me know if you have any question.

 

Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases. Nothing contained in this reply was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended.

 

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RD -- Certified Public Accountant (CPA) -- 99% Positive Feedback on 607 Finance Accepts
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