RECOMMENDED!!Firms have began to make all financial transactions

  

Firms have began to make all financial transactions (i.e., population data) available to auditors, so that they can review every transactions, instead of sampling. What are the pros and cons of making this same data available to investors, instead of the more traditional summary financial statements, and which report form (population data or summary reports) would you recommend? Draft a one-page, single-spaced memo with your answer.

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