A CPA prepares working papers in an audit of an entity that receives federal financial assistance. Which

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A CPA prepares ‘working papers’ in an audit of an entity that receives federal financial assistance. Which of the following statements is true with regard to such ‘working papers’?

a. There is no specific standard requiring working papers.

b. The AICPA has no specific standard requiring working papers, but the GAO standards require working papers

c. The AICPA and the GAO standards concerning working papers are the same.

d. The GAO standards concerning working papers are more rigorous than the AICPA standards

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Nov 27, 2018 02:48 AM

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A CPA prepares working papers in an audit of an entity that receives federal financial assistance. Which

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a There is no specific standard requiring working papers Th... View the full answer

Accounting concepts and applications

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