For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing

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For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing standards, U.S. generally accepted auditing standards, or PCAOB auditing standards.
a. An audit of a U.S. private company with no public equity or debt.
b. An audit of a German private company with public debt in Germany.
c. An audit of a U.S. public company.
d. An audit of a United Kingdom public company that is listed in the United States and whose financial statements will be filed with the SEC.
e. An audit of a U.S. not-for-profit organization.
f. An audit of a U.S. private company to be used for a loan from a publicly-traded bank.
g. An audit of a U.S public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan.
h. An audit of a U.S. private company that has publicly-traded debt.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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