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Auditors who audit public companies are: 1. not allowed audit more than one public company at a time 2. limited in the types of consulting

Auditors who audit public companies are: 1. not allowed audit more than one public company at a time 2. limited in the types of consulting services that they can offer their auditees 3. must just perform any consulting services to their auditees 4. allowed to perform both assurance and consulting services unconditionally.

____________ are assets that provide economic benefit for longer than a year but lack physical substance. 1. Fixed Assets 2. Non-Current Assets 3. Current Assets 4. Intangible assets.

An entity's physical count of inventories was lower than the inventory quantities shown in its perpetual records. This situation could be the result of the failure to record 1. Purchase discounts 2. Sales 3. Sales returns 4. Purchases.

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