Question: Under the professional standards currently in effect, what responsibility do auditors have to identify internal control problems within their clients accounting systems? To whom must

Under the professional standards currently in effect, what responsibility do auditors have to identify internal control problems within their clients’ accounting systems? To whom must auditors communicate such problems? In responding to these questions, indicate how auditors’ responsibilities differ, if at all, between public and nonpublic clients.

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Auditors of public companies When the bulk of the key events of this case transpired the PCAOB did not existof course the PCAOB was created as a result of the passage of the SarbanesOxley Act of 2002 ... View full answer

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