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Significant deficiencies and material weaknesses in internal control over financial reporting are reported for audits conducted under Generally Accepted Government Auditing Standards (GAGAS). However, only

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Significant deficiencies and material weaknesses in internal control over financial reporting are reported for audits conducted under Generally Accepted Government Auditing Standards (GAGAS). However, only material weaknesses are addressed in audit reports under PCAOB Auditing Standards. True False

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