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4 Discuss why the approved standards on auditing are considered minimum standards of performance for auditors.

4 Discuss why the approved standards on auditing are considered minimum standards of performance for auditors.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4 Discuss why the approved standards on auditing are considered minimum standards of performance for auditors. S Discuss how the setting up of the AOB can enhance the audit quality in Malaysia. 6 Briefly identify all the elements of the ISQC 1 that audit firms should practice.
Transcribed Image Text:4 Discuss why the approved standards on auditing are considered minimum standards of performance for auditors. S Discuss how the setting up of the AOB can enhance the audit quality in Malaysia. 6 Briefly identify all the elements of the ISQC 1 that audit firms should practice.
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