memorandum writing 1

Please, write a memorandum answering the following question: As the auditor of Fine Furniture Manufacturing, do you inform the engagement teams of Paple Lumber Supply and Front Porch Furniture that your client has a going concern issue? Do you uphold your client’s right to confidentiality and withhold the information from the other engagement teams until Fine Furniture’s audited financial statements are filed with the SEC? Or, do you do something else? In short, what do you do and why?

Format:

memorandum (background)

summary of the facts

issues

application

conclusion