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View Full Version : Should audit fees be posted to a closing balance sheet as old co or new co in an acqu


kbridges
May 5, 2010, 09:32 PM
Just acquired a company and have to prepare a closing balance sheet. The auditor conducting the audit who will also prepare the closing balance sheet is charging a fee. Should the fees be charged to old company (seller) or new company (buyer)?

rehmanvohra
May 5, 2010, 09:47 PM
The company that acquires the services of the auditor.