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Which of the following is correct about audits of private companies? Question 1 options: Audits of private companies include audits of both financial statements and
Which of the following is correct about audits of private companies?
Question options:
Audits of private companies include audits of both financial statements and of ICFR
Audits of private companies are governed by the standards developed by the AICPA
Audits of private companies are governed by the standards of boththe AICPA and the PCAOB
Auditors typically provide an opinion about the operating effectiveness of internal controls of private companies if auditors decide to test operating effectiveness of controls
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