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Explain the relationship between the SEC and the various private sector standard-setting bodies that have,over time, been relied upon to set accounting standards

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 15RQSC

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Explain the relationship between the SEC and the various private sector standard-setting bodies that have,
over time, been relied upon to set accounting standards

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