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In 2012, the AICPA redrafted the majority of the auditing sections in the Codification of Statements on Auditing Standards, including the sections related to the

In 2012, the AICPA redrafted the majority of the auditing sections in the Codification of Statements on Auditing Standards, including the sections related to the audit report (known as the Clarity Project). a. What was the purpose of this project? b. According to the clarity project, what are the steps an auditor should take to form an opinion on a companys financial statements?

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