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True/False Materiality would be any steps taken by a business to prevent fraud both misappropriation of assets and fraudulent financial reporting Professional Standards are established

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Materiality would be any steps taken by a business to prevent fraud both misappropriation of assets and fraudulent financial reporting

Professional Standards are established to guide performance and to provide criteria to measure the performance of individuals and organizations

An audit opinion on the effectiveness of a companys internal control is included on an audit report of a non-public company.

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