Barnum Company has hired Janice \& Co. CPAs to perform the audit of their financial...
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Accounting
Barnum Company has hired Janice \& Co. CPAs to perform the audit of their financial statements. During the audit, Barnum's senior management advises the CPAs running the audit that a firm-wide effort is currently being made to reduce the costs associated with paper documentation which currently accompany the majority of the firm's transactions. Based on this what might be an appropriate recommendation by Janice \& Co. CPAs? Janice \& Co. CPAs should advise the client to consider outsourcing all key processes. This will save the client the associated printing costs. Janice \& Co. CPAs should consider using an audit data analytics procedure to evaluate the population of the client's transactions and determine where paper processes could be eliminated. Janice \& Co. CPAs should consider adopting an evaluated receipts settlement system to help eliminate the number of printed documents for the client. None of these answer choices are correct
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