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1) Which of the following statements is true? a) An external audit can be performed by anyone with an accounting degree. b) An external audit

1) Which of the following statements is true?

a) An external audit can be performed by anyone with an accounting degree.

b) An external audit is required for any company with annual revenues greater than $5 million.

c) An external audit is designed to prove that the financial statements are wrong.

d) An external audit must be performed by an independent, public accounting firm.

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