Question: List the 10 GAAS from the PCAOB standards and the 10 AICPA standards in 2 columns. a. Identify differences in each of the standards. b.

List the 10 GAAS from the PCAOB standards and the 10 AICPA standards in 2 columns.
a. Identify differences in each of the standards.
b. Highlight any differences that you think indicates a difference in meaning.
c. Add a 3rd column and list the field work and reporting concepts from AS 5 that are the parallel for an ICFR audit to the standards for financial statement audits.
Identify any significant differences in the words or meaning.

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PCAOB 1 The audit is to be performed by a person or persons having adequate technical training and proficiency as an auditor 2 In all matters relating to the assignment an independence in mental attit... View full answer

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