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Advanced Auditing The audit of owners' equity for a privately held corporation differs from that for a publicly held corporation.Discuss the primary differences in terms

Advanced Auditing

The audit of owners' equity for a privately held corporation differs from that for a publicly held corporation.Discuss the primary differences in terms of the following:

(1) Type and volume of transactions

(2) Internal controls required

(3) Types of audit procedures to apply to both

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