Research the rules in your province with respect to accounting firm structure. Are LLPs permitted? What is

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Research the rules in your province with respect to accounting firm structure. Are LLPs permitted? What is the primary difference between a public accounting firm organized as a partnership and an LLP? Why would a public accounting firm choose to organize as an LLP?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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