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15 Auditing standards require that auditor to presume that a fraud risk exists for revenue recognition and thus is considered to be a significant risk.

15

Auditing standards require that auditor to presume that a fraud risk exists for revenue recognition and thus is considered to be a significant risk.

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18

The professional activities of CPAs are governed by the AICPA Code of Professional Conduct

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20

CPAs cannot be held liable for legal liability for professional services they provide as they are protected by membership in the AICPA

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