Question: Substantial equivalency refers to: Multiple Choice providing consulting work for another firm s audit client in exchange for the other firm s providing consulting services

Substantial equivalency refers to:
Multiple Choice
providing consulting work for another firms audit client in exchange for the other firms providing consulting services to one of your clients.
an auditors tendency not to believe managements assertions without sufficient corroboration.
permitting a CPA to practice in another state without having to obtain a license in that state.
the waiving of certification exam parts for an individual holding an equivalent certification from another professional organization.

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