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2-5 (OBJECTIVES 2-3, 2-5, 2-6) Who is responsible for establishing auditing standards for audits of U.S. public companies? Who is responsible for establishing auditing

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2-5 (OBJECTIVES 2-3, 2-5, 2-6) Who is responsible for establishing auditing standards for audits of U.S. public companies? Who is responsible for establishing auditing standards for au- dits of U.S. private companies? Explain.

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