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Read the statements issued by the PCAOB and SEC on May 16, 2005, and briefly describe the apparent underlying cause(s) for the auditors' failures in
Read the statements issued by the PCAOB and SEC on May 16, 2005, and briefly describe the apparent underlying cause(s) for the auditors' failures in applying the concept of reasonable assurance. Pay special attention to the portion of the PCAOB's policy statement entitled "The Importance of Professional Judgment."
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