The PCAOB has the authority to set audit standards for all audits of public companies registered in
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a. What are the pros and cons of having the same auditing standards for both public and nonpublic entities?
b. In what ways might you expect auditing standards for audits of nonpublic companies to differ from the standards for public companies?
c. What difficulties might this dual structure for auditing standards create?
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Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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