(Solution) - Munroe Corp had a bad year financially and the president -(2025 Original AI-Free Solution)

Paper Details

Munroe Corp. had a bad year financially and the president, Jan de Boer, instructed the controller not to amortize the capital assets so that the company would show a small profit. The controller argued that ASPE required Munroe to amortize the capital assets on a regular basis and a qualified auditor?s report would likely result. Jan told the controller to disclose the failure to record amortization in the notes to the financial statements. You are the auditor in charge on the Munroe audit. Write a memo to Jan in response to the controller?s comments.