Question
DD Corp., a private company, files an initial public offering (IPO) to become a public company that will file reports with the SEC. What effect,
DD Corp., a private company, files an initial public offering (IPO) to become a public company that will file reports with the SEC. What effect, if any, will the change have on DD's audit firm?
The audit firm should request permission from the SEC to perform the audit.
The audit firm will need to apply SEC and PCAOB independence rules.
The change will have no effect on the audit firm.
The change will require the firm to perform a compliance review.
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Contemporary Auditing
Authors: Michael C Knapp
12th Edition
357515404, 978-0357515402
