each engagement described below, indicate whether the engagement is likely to be conducted under international auditing standards, AICPA auditing standards, or PCAOB auditing standards. An audit of a U.S. private company with no public equity or debt. An audit of a German private company with public debt in Germany. An audit of a U.S. broker-dealer registered with the SEC. An audit of a United Kingdom public company that is listed in the United STates and whose financial statements will be filed with the SEC. An audit of a U.S. not for profit organization An audit of a U.S. private company to be used for a loan from a publicly traded bank. An audit of a U.S. public company. An audit of a U.S. public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For each engagement described below, indicate whether the engagement is likely to be conducted under international auditing standards, AICPA auditing standards, or PCAOB auditing standards.

  1. An audit of a U.S. private company with no public equity or debt.
  2. An audit of a German private company with public debt in Germany.
  3. An audit of a U.S. broker-dealer registered with the SEC.
  4. An audit of a United Kingdom public company that is listed in the United STates and whose financial statements will be filed with the SEC.
  5. An audit of a U.S. not for profit organization
  6. An audit of a U.S. private company to be used for a loan from a publicly traded bank.
  7. An audit of a U.S. public company.
  8. An audit of a U.S. public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan.  
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