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Greenbloom Garden Centres is a large public company whose shares trade on the TSX. The Greenbloom family owns 51% of the companys shares, and the
Greenbloom Garden Centres is a large public company whose shares trade on the TSX. The Greenbloom family owns 51% of the companys shares, and the remainder are widely held. Greenbloom operates in all provinces across Canada with retail outlets in major centers in each province. The Company has no debt.
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Explain whether or not an audit is required for Greenbloom Garden Centers.
Discuss how information risk may differ for an audit of a public company vs. that of an audit of a private company.
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