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QRecommendations for a bank who gave out a loan?

Sensor Circuits Company presented its financial statements Gould Bank to obtain financing for its planned new production . Gould Bank approves and sensor circuits for a loan of $ 3 million , after seeing that the financial statements of the sensor showed a substantial profit , while everyone else in the industry was operating at a loss.

A Young audit manager

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#1i luv mel Answered at 2013-01-31 22:31:18
The Bank of Gould should not trust an external audit firm . So Gould Bank should use their own company to verify the numbers. This can prevent any lie . The Bank also Gould must check the suitability of the person actually doing the audit. If the person performing the audit does not qualify then young
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Recommendations for a bank who gave out a loan?

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