Case Study Dee Fashion Fabrics

Decent Essays
There were multiple affected parties involved during the audit at Dee-Dee Fashion Fabrics. First, as an audit staff, Barbra Young used her right professional judgement to ensure there was an appropriately sufficient amount of samples tested so that she could issue a suitable audit opinion. Dee-Dee Fashion Fabrics has an obligatory duty to their investors, customers, and creditors to ensure their financial statements are free from material misstatement. If Barbra follows Daniel Dean’s instructions to dispose of the extra samples that she tested, then the auditors would be hiding material misstatements from the public users. Management of Dee-Dee Fashion Fabrics should also be informed of possible misstatements on their financial statements so

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