business

The companyhas been operating for seven years. One of the other partners has always preparedthe companys annual financial statements. Recently, you proposed that thestatements be audited each year because it would benefit the partners andprevent possible disagreements about the division of profits. The partner whoprepares the statements proposed that his uncle, who has a lot of financialexperience, can do the job at little cost. Your other partner remained silent.
Required:What position would you take on the proposal? What would you stronglyrecommend?

Requirements: