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What are the expected effects on audits

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Reference no: EM132542763

Question 1: What are the expected effects on audits and confidence in reported financial information if the public (e.g., federal government) sector issued financial reporting and auditing standards? Provide evidence to support your argument.

Question 2: Should regulated standards reduce accounting alternatives so that there is only one accounting option for each specific transaction or event? Provide evidence to support your argument.

Reference no: EM132542763

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