EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 3, Problem 7RQ
To determine

Compare the wording in the standard unmodified opinion audit report for a non-public entity under AICPA auditing standards with wording for a public company audit under PCAOB auditing standards.

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Bright Electronics has a Computer Division with the following financial details: • Sales: $250,000 • Cost of Goods Sold: $120,000 Operating Expenses: $50,000 Average Invested Assets: $1,200,000 ⚫ Hurdle Rate: 12%
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