Question: Please consult Paragraph 33 and Paragraph B10 (in Appendix B) of PCAOB Auditing Standard No. 5. If you were conducting an internal control audit of

Please consult Paragraph 33 and Paragraph B10 (in Appendix B) of PCAOB Auditing Standard No. 5. If you were conducting an internal control audit of WorldCom, comment about how WorldCom’s acquisition strategy would impact the nature, timing, and extent of your audit work at WorldCom.

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There are several reasons why WorldComs acquisition strategy would impact the nature timing and extent of an internal control audit The inherent risk ... View full answer

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