Answer to Question #284877 in Economics for Bea

Question #284877

Calculate the public interest scores in order to consider whether the following companies should be audited or not:

XYZ (Pty) Ltd (XYZ). Mr. X owns 50% of the shares in XYZ. Due to Mr. X’s excellent financial background, he handles all the financial matters of XYZ, including the compilation of the financial statements. The company employs a workforce of 70 employees on average. The company had a turnover of R80 million and owes no third party liabilities. Mr. Y (10%) and Mr. Z (40%) hold the remaining shares


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Expert's answer
2022-01-07T09:35:42-0500
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