Special Purpose Entities in the University
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Financial Statement Auditing 2 2 Running Head: Financial Statement Auditing Financial Statement Auditing Name of the Student Name of the University Author Note Response to question 1- 2 Response to question 4- 2 Response to question 5- 3 Bibliography 4 Response to question 1- The term SPE is the short abbreviation of “Special Purpose Entity”. The business organizations use SPE to sell off their assets as per the rules established in 2001 and as a result the selling company is able to secure its outside investment by 3% of the asset value which