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Assume, Mr. Sajid is appointed as an auditor in Farewell Company. After careful examination of...

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Accounting

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Assume, Mr. Sajid is appointed as an auditor in Farewell Company. After careful examination of the entity's financial affairs, if the Auditor finds the entity's financial statements did not conform to accounting principles and there is window dressing or secret reserves. Required: Q1. What is meant by window dressing? (1.5 Marks) Q2. Explain window dressing with the help of an example? (1.5 Marks)

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