There has been much debate recently about rotating auditors to give “fresh looks” a chance.
As a guide the SEC requires companies to publish three years’ worth of statements of income and expense and cash flows.
I suggest three-year audit engagements may be in order to comply with the “fresh look” theory.
Frank Thomas Murphy, CPA
Glendale, California
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IRS sets start date for tax seasonThe IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.
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