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External Auditing Week 1 Assignment -...

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Chapter 2 Problems 2-7, 2-10, 2-16, 2-10 Chapter 3 Problems 3-23, 3-25, 3-26 Ch. 2 P. 2-7 P. 2-10 P. 2-16 A. 1 education and experience in the field of auditing. B. 2 Measures of the quality of the auditor's performance. C. 3 due professional care be exercised by the auditor. D. 3 The criteria of audit planning and evidence gathering. P. 2-20 Sarbanes- Oxley Act established the (PCAOB) Public Company  Accounting Oversight Board appointed and overseen by the  SEC.  Auditing Standards for private companies in the US are  established by the (ASB) Auditing Standards Board of the  AICPA.   Prior to Sarbanes-Oxley Act, the ASB established  auditing standards for private and public companies.  The  PCAOB is now responsible for auditing stands for public  companies, while the ASB continues to provide auditing  standards for private companies.
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