To: Alan and Bart Ayr From: W&T Accounting LLP Re: Revision of AyrGlen Context: From what you have described, there are four main users of the financial statements; the shareholders (Alan, Bart and David), the bank, and the tax revenue agency. As stated in your note to us, you wantto defer as much tax as possible so a reduction in net income before taxes is preferable. However, this presents a conflicting objective with the bank who might want to see a high net income, but more likely
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