Question 25 2 pts What is the difference between the audit of a public company and a non-public company? The auditing standards for public and non-public companies are set by separate entities O Public companies are audited by public accounting firms, whereas non public companies are audited by other audit fern. O Public companies are required to use generally accepted accounting standards whereas non public companies may use pro-toma reporting These are all differences between auditing public and nonpublic companies